By Valentine Amanze, Online Editor
The Nigerian National Petroleum Corporation (NNPC) has denied increasing the ex-depot price of Premium Motor Spirit (PMS) also known as petrol this month (March).
NNPC announced this Friday morning via a post on their official Twitter handle @NNPCgroup.
Its words: “#NNPC Insists No Increase in Ex-Depot Price of PMS in March.”
Apparently NNPC was reacting to the trend on social media with the hashtag, #FuelPriceHike, with users reacting to a template released by the Petroleum Products Pricing Regulatory Agency (PPRA) showing that the new price of petrol has reached N212.6 per litre.
In the template, which the PPPRA released on Friday midnight and later deleted, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61.
But the NNPC in the tweet, on Friday, ruled out any hike in the ex-depot price simply tweeting, “#NNPC Insists No Increase in Ex-Depot Price of PMS in March.”
The NNPC had promised that the petrol price would remain static in March to allow smooth negotiations between the government and labour unions.
