Report just reaching us indicates that there’s plan by NNPC to increase the pump price of PMS to N165 from N145.
Baring last minute change of plan, the new pump price shall be announced in less than 10 days from now. The federal Government had in May, when subsidy was officially removed, pegged the ceiling for PMS at N145.
According to one source:
“Okay now let’s do the logistics behind my clams PMS is been sold for 145 right? Good, but marketers buy drafts at 133 per litre. Loading expenses will land you around 138 – 140 hence filing stations sell at 143 – 145. This morning 20 naira was added by NNPC on drafts which lands at 153. So expect your Pms to be sold at 165.”
Also, the official price of kerosene has been moved up to 135 from 83 naira per litre.
According to sources, the Pipelines and Product Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), decided to
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