Home BUSINESS PMS: NNPC Enforces Compliance With N133.28 Ex-Depot Price

PMS: NNPC Enforces Compliance With N133.28 Ex-Depot Price

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The Nigerian National Petroleum Corporation (NNPC) has deployed more of its depots and other throughput facilities to enforce the N133.28 Ex-Depot price of Premium Motor Spirit, otherwise known as petrol, to marketers directly.

A press statement signed by the Group General Manager, Group Public Affairs Division of the NNPC, Ndu Ughamadu, quoted the Managing Director of PPMC, Umar Ajiya as saying that the measure became necessary to resolve the price differentials between some of its stakeholders.

Ajiya noted that the throughput facilities along with some of its coastal depots would go a long way in ensuring that marketers access PMS at the approved government price.

He called on marketers to desist from hoarding and diversion of petroleum products to neighboring countries, stressing that the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.

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