The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre.<\/p>\n

PPMC disclosed this in a memo signed by its Manager, Sales, Mohammed Bello, in Abuja, on Tuesday.<\/p>\n

The ex-depot price is the price at which depot owners sell the commodity to retail outlets.<\/p>\n

It said that the new price would come into effect from Aug. 5.<\/p>\n

The PPMC also put the ex-coastal price of the commodity, which is the price at which the product is sold to depot owners, at N113.70 per litre.<\/p>\n

The ex-depot price for automotive gasoline oil (AGO), also known as diesel, was fixed at N160 per litre and N165 per litre, for depots in Lagos and Oghara respectively.<\/p>\n

It further fixed the ex-depot price for kerosene at N160 per litre.<\/p>\n

The News Agency of Nigeria (NAN) reports that the Petroleum Products Pricing for Regulatory Agency (PPPRA) has yet to release the monthly pricing modulation for petroleum products for August.<\/p>\n

The pricing modulation determines the pump price that the products will be sold to motorists.<\/p>\n","protected":false},"excerpt":{"rendered":"

The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of premium motor spirit (PMS), known as petrol at N138.62 per litre. PPMC disclosed this in a memo signed by its Manager, Sales, Mohammed Bello, in Abuja, on Tuesday. The ex-depot price is the price at […]<\/p>\n","protected":false},"author":1,"featured_media":67943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19,3],"tags":[5178,771,5179],"class_list":["post-67942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-fuel-price-increase","tag-nnpc","tag-ppmc"],"_links":{"self":[{"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/posts\/67942","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/comments?post=67942"}],"version-history":[{"count":1,"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/posts\/67942\/revisions"}],"predecessor-version":[{"id":67944,"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/posts\/67942\/revisions\/67944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/media\/67943"}],"wp:attachment":[{"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/media?parent=67942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/categories?post=67942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.metronews.ng\/wp-json\/wp\/v2\/tags?post=67942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}