The state-run Nigerian National Petroleum Corporation (NNPC) has announced that the pump price of petrol hasn’t been adjusted upwards, hours after the Petroleum Products Pricing Regulatory Agency (PPPRA) issued a new pricing template.
The PPRA issued a lower band of N209.61 and a higher band of N212.61 per liter for the month of March, in its latest template guide.
PPRA’s guide contradicts the NNPC’s position of no pump price adjustment in March.
On March 1, the NNPC had said: “the corporation is not contemplating any raise in the price of petrol in March in order not to jeopardize ongoing engagements with organised labour and other stakeholders on an acceptable framework that will not expose the ordinary Nigerian to any hardship.”
With Nigerians reacting angrily to news of a new petrol price adjustment on March 12, the NNPC issued a tweet to say there “is no increase in ex-depot price of PMS in March.”
