Home > Breaking news > Breaking News: PPPRA Deletes Petrol Increase Template

Breaking News: PPPRA Deletes Petrol Increase Template

The Petroleum Products Pricing Regulatory Agency (PPPRA) has deleted a template announcing the new price of petrol stands N212.6 per litre from its website.

The agency had published the template on its website, http://pppra.gov.ng/pms-guiding-price-for-march-2021/.

The publication was greeted with outrage across the nation with fuel queue observed in several filing stations in Abuja and Lagos.

The template released midnight indicated petrol is to sell at a lower retail price of N209.61 and at an upper retail price of N212.61.

The ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots.

With ex-depot price standing at N206.42 per litre, the March template shows that the landing cost for petrol per litre is N189.61.

But the PPPRA, without any explanation in a way seen by many as a U-turn, deleted the template hours later.

When The Nation checked around 10:58am, the website page indicated ‘Page not found 404’.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

x

Check Also

Armed Robbers Attack Fuel Station, Sell Fuel To Customers For 3 Hours

The idea of theft has never been anything good but these criminals took it a ...

Nigeria Slashes Internet Data Prices By 50%

Nigeria government on Thursday said it has reduced the prices of internet data by more ...