The Petroleum Products Pricing Regulatory Agency (PPPRA) on Friday deleted an earlier published template announcing that the new price of Premium Motor Spirit, also known as petrol has reached N212.6 per litre, following the reactions that trailed the petrol hike.
The deletion came hours after the agency published the template on its website, http://pppra.gov.ng/pms-guiding-price-for-march-2021/, and the Nigerian National, Petroleum Corporation (NNPC) insisted that there was no increment in the ex-depot price of petrol.
The move to delete the templates follows the outrage that greeted the increase in the price of petrol by Nigerians. Meanwhile, the ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots.
According to the (now deleted) template which the PPPRA released at midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers usually use the upper band for pump price.
The expected ex-depot price, as seen in the template, is N206.42, while the landing cost is N189.61.
READ ALSO: Petrol Price Increases To N212 Per Litre
With ex-depot price standing at N206.42 per litre, the March template (now deleted) showed that the landing cost for petrol per litre is N189.61.
But the PPPRA, in a seeming U-turn, deleted the template hours later. As of 9 am on Friday, the template was still on the PPPRA’s website but when our correspondent checked at 10:30 am, the template has been deleted. The website page showed ‘Page not found 404’.
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