06 Dec 2022, 8:01 AM (GMT)

COVID-19 Global Stats

650,588,360 Total Cases
6,648,420 Death Cases
627,444,635 Recovered Cases
Headlines

PPMC Fixes Ex-deport Price At N138.62 Per Litre

The Petroleum Products Marketing Company (PPMC), a downstream subsidiary of Nigerian National Petroleum Corporation (NNPC) has fixed the ex-depot price of Premium Motor Spirit (PMS), at N138.62 per litre for August.

In a memo signed by Manager, Sales, PPMC, Mr. Mohammed Bello, revealed that the new price would come into effect from August 5, 2020.

The ex-depot price is the price at which depot owners sell the commodity to retail outlets.

ALSO READ: Lagos Kicks Off Conditional Cash Transfer To Beneficiaries

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 (AGO), also known as diesel, was fixed at N160 per litre and N165 per litre, for depots in Lagos and Oghara respectively. It further fixed the ex-depot price for kerosene at N160 per litre.

The Petroleum Products Pricing for Regulatory Agency (PPPRA) was yet to release the monthly pricing modulation for petroleum products for August.

Nadula Tax Return Season Sale under $200 wigs, beginner friendly & quick install

Advertisements

Lagos Post Online

Publisher, Lagos Post Online, Lagos Post is an online publication that seeks to provide fair, unbiased, credible, balanced and useful information about Corporate Organisations, Governments and the General Public by breaking news in Business, Politics, Arts, Entertainment, Culture, and Sports in Nigeria, Africa and the World. As a global news portal, we continually stand for responsible journalism and sound media practice. Mobile: +238025837037 Email: lagospostng@gmail.com

Related Articles

Back to top button

Adblock Detected

Please consider supporting us by disabling your ad blocker