The ex-depot price is the price at which depot owners sell the commodity to retail outlets.
Why Nigerian govt removed subsidy on petrol
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. The ex-depot price for automotive gasoline oil , also known as diesel, was fixed at N160 per litre and N165 per litre, for depots in Lagos and Oghara respectively.The News Agency of Nigeria reports that the Petroleum Products Pricing for Regulatory Agency was yet to release the monthly pricing modulation for petroleum products for August.
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