The Nigerian National Petroleum Corporation (NNPC) on Friday restated there is no increment in the ex-depot price of Premium Motor Spirit (PMS) otherwise known as petrol this month.
The Corporation made the announcement in a post on its official Twitter handle @NNPCgroup. It said: #NNPC Insists No Increase in Ex-Depot Price of PMS in March.”
According to Channels TV, the NNPC made the clarification following the news trending on social media with the hashtag #FuelPriceHike with users reacting to a template released by the Petroleum Products Pricing Regulatory Agency (PPRA) showing that the new price of petrol has reached N212.6 per litre.
According to the template, which the PPPRA released in the early hours of Friday but later deleted, petrol was expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61.
But the NNPC in the tweet, on Friday, ruled out any increment in the ex-depot price, saying, “#NNPC Insists No Increase in Ex-Depot Price of PMS in March.”
The NNPC had earlier announced that the petrol price would remain static in March to allow smooth negotiations between the government and labour unions.