From Segun Amure, (The New Diplomat’s Abuja Bureau)
The Nigerian National Petroleum Corporation (NNPC) on Friday insisted there will be no increase in the ex-depot price of Premium Motor Spirit (PMS) also known as petrol this month.
NNPC announced this via a post on their official Twitter handle @NNPCgroup.
“#NNPC Insists No Increase in Ex-Depot Price of PMS in March,” it simply tweeted.
This was in reaction to the trend on social media with the hashtag #FuelPriceHike as users react to a template released by the Petroleum Products Pricing Regulatory Agency (PPRA) which shows that the new price of petrol has hit N212.6 per litre.
According to the template which the PPPRA released on Friday midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61.
NNPC in the tweet however, ruled out any increase in the ex-depot price of the commodity.
