NNPC cautions depot owners, marketers against hike in fuel price vanguardngr.com vanguardnews
The Nigerian National Petroleum Corporation, NNPC, Saturday, warned depot owners and terminal operators, against selling Premium Motor Spirit, PMS, also known as petrol, above the stipulated ex-depot price.In a statement in Abuja by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, the NNPC said the official ex-depot price of PMS remained N133.28 per litre.
According to Ughamadu, the PMS ex-depot price is the ceiling at which depot owners or terminal operators sell products to marketers, while the pump price of a product is the amount consumers buy it from fuel stations.
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