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NNPC moves to ensure N133.28 ex-depot price for PMS


NNPC tower

The Nigerian National Petroleum Corporation (NNPC) has announced the deployment of more depots to enforce the N133.28 ex-depot price of premium motor spirit.

The Managing Director of the Petroleum Products’ Marketing Company (PPMC), Umar Ajiya, disclosed this in Abuja yesterday.

He said the deployment, which includes other throughput facilities, became necessary to resolve the price differentials between some of its stakeholders.


Ajiya explained 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 said: “As at today, I want to confirm that the NNPC/PPMC has more than 20 days sufficiency both at marine and land depots.

“We are still operating 24 hours at the depots and all NNPC retail outlets to wet the nation with PMS.”

He maintained that the corporation has adequate supply of petrol, and advised against panic buying.

He said the corporation receives between one and two PMS-laden ships per day.

According to him, queues were easing out across the country going by the feedbacks received from the field.

He added that most of the filling stations were selling at the approved price of N145 per litre.

Ajiya further disclosed that the daily truck-outs from the depots had been increased from 1,733 trucks to 2000 trucks per day.

He said efforts were on to sustain the tempo to flood the market with PMS.

The PPMC’s boss urged marketers to desist from hoarding and diverting petroleum products to neighbouring countries.

He said the corporation was working hand-in-hand with the Department of Petroleum Resources (DPR) and other security agencies to sanction defaulting marketers.

He enjoined motorists and other consumers of PMS to report any infraction by marketers or any NNPC retail outlets.

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