The Nigerian National Petroleum Corporation (NNPC) said it was aware of a document widely circulating in the media purporting to be an increase in the PPMC ex-coastal price and ex-depot price (with collection) to N130 and N155.17 respectively.

It said it wished to clarify that although there was a slight increase in the price based on the prevailing realities of market forces of demand and supply, “the correct prices, as can be seen on PPMC’s ‘Customer Express’ platform (online portal for procurement of petroleum products) are: Ex-Coastal Price – N128, and Ex-Depot Price (with collection) – N153.17.”

A statement by the Group General Manager, Group Public Affairs Division, Dr Kennie Obateru, advised marketers to make their purchases through the online “Customer Express” platform (PPMCCustomer.Express/login/authenticate) at the recommended prices.