Report just reaching us indicates that there’s plan by NNPC to increase the pump price of PMS to N165 from N145.Baring last minute change of plan, the new pump price shall be announced in less than 10 days from now. The federal Government had in May, when subsidy was officially removed, fastened the ceiling for PMS at N145.
According to one source: “Okay now let’s do the logistics behind my clams PMS is been sold for 145 rights? Good, but marketers buy drafts at 133 per litre. Loading expenses will land you around 138 – 140 hence filing stations sell at 143 – 145. This morning 20 Naira was added by NNPC on drafts which lands at 153. So expect your Pms to be sold at #165.”
According to bases, the Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), decided to increase the ex-depot price to 135 Naira per litre with effect from Monday (Today), after the last consignment of about 17,000MT capacity imported vessel arrives Lagos last week.
It was assembled that following foreign exchange crisis, which makes it difficult for the private marketers to access foreign exchange at the official price, the PPMC assumed the sole importer of kerosene, thus leading to the scarcity of the product.
It was also learnt that the public who are the end users would not be losing much as the product had always sold above the 83 N
aira official price because of racketeering by officials of PPMC and the marketers.
Report just reaching us indicates that there’s plan by NNPC
to increase the pump price of PMS to N165 from N145.Baring last minute change
of plan, the new pump price shall be announced in less than 10 days from now.
The federal Government had in May, when subsidy was officially removed, fastened
the ceiling for PMS at N145.
According to one source: “Okay now let’s do the logistics
behind my clams PMS is been sold for 145 rights? Good, but marketers buy drafts
at 133 per litre. Loading expenses will land you around 138 – 140 hence filing
stations sell at 143 – 145. This morning 20 Naira was added by NNPC on drafts
which lands at 153. So expect your Pms to be sold at #165.”
According to bases, the Pipelines and Product Marketing
Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation
(NNPC), decided to increase the ex-depot price to 135 Naira per litre with
effect from Monday (Today), after the last consignment of about 17,000MT
capacity imported vessel arrives Lagos last week.
It was assembled that following foreign exchange crisis,
which makes it difficult for the private marketers to access foreign exchange
at the official price, the PPMC assumed the sole importer of kerosene, thus
leading to the scarcity of the product.
It was also learnt that the public who are the end users
would not be losing much as the product had always sold above the 83 N
aira
official price because of racketeering by officials of PPMC and the marketers.
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