{"id":73265,"date":"2020-05-07T06:13:52","date_gmt":"2020-05-07T05:13:52","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=73265"},"modified":"2020-05-07T06:13:52","modified_gmt":"2020-05-07T05:13:52","slug":"nnpc-announces-17-9-reduction-in-depot-price-as-fuel-price-to-reduce-further","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/nnpc-announces-17-9-reduction-in-depot-price-as-fuel-price-to-reduce-further\/","title":{"rendered":"NNPC announces 17.9% reduction in depot price As Fuel Price To Reduce Further"},"content":{"rendered":"<div id=\"m#msg-f:1665981335966242077\" class=\"mail-message expanded\">\n<div class=\"mail-message-header spacer\">The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities as well as in its through \u00a0put operations.<\/div>\n<div class=\"mail-message-content collapsible zoom-normal mail-show-images \">\n<div class=\"clear\">\n<div dir=\"auto\">\n<div><\/div>\n<div>A release today in Abuja by the corporation\u2019s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, quoted the Managing Director of the Petroleum Products Marketing Company (PPMC), Musa Lawan, as saying that the new ex-depot price of Premium Motor Spirit (PMS), otherwise called petrol, reflects the company\u2019s market strategy to make more sales while complying with the Petroleum Products Pricing Regulatory Agency\u2019s (PPPRA) price template.<\/div>\n<div><\/div>\n<div>Lawan explained that the new price regime would enable PPMC to boost its sales volumes from the billions of litres of Petrol it has in storage while providing affordable price to millions of customers.<\/div>\n<div><\/div>\n<div>He said the new price was arrived at after extensive review of market realities by the PPMC internal price review unit.<\/div>\n<div><\/div>\n<div>The PPMC MD however pointed out that Automotive Gas Oil (AGO), otherwise called diesel, being already deregulated, its prices are determined by market forces.<\/div>\n<div><\/div>\n<div>On March 18, 2020, the NNPC reviewed its PMS ex-coastal, ex-depot and NNPC Retail pump prices.<\/div>\n<div><\/div>\n<div>Thus, effective 19 March 2020, NNPC ex-coastal price for PMS was reviewed downwards from N117.6\/litre to N99.44\/litre while ex-depot price was reduced from N133.28\/litre to N113.28\/litre.<\/div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"mail-message-footer spacer collapsible\"><\/div>\n<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>The Nigerian National Petroleum Corporation (NNPC) Wednesday announced a reduction in the ex-depot price of petrol from N113.28k per litre to N108.00K per litre across all its products loading facilities&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":67563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-73265","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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