NNPC Slashes Ex- Depot Price of Petrol
The Nigerian National Petroleum Corporation Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre.
A statement in Abuja by the corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, noted that the move was to further make the product more affordable to Nigerians He said that the PPMC boss explained that the new price regime would enable the subsidiary to boost its sales volumes from the billions of litres of petrol it had in storage while providing affordable price to millions of customers.
However, it pointed out that Automotive Gas Oil , otherwise called diesel, having been already deregulated, its prices were now determined by market forces.
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