Breaking: PPPRA makes U-turn, deletes post on new petrol price increase

Breaking: PPPRA makes U-turn, deletes post on new petrol price increase

- It appears Nigeria’s fuel regulators have taken a step back on the government‘s decision to increase the price of petrol

- The PPPRA deleted a post on its website announcing the sudden increment on Thursday, March 11

- The agency had earlier said the ex-depot price of fuel will be N206.42, while the landing cost stands at N189.61 per litre

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A report by The Cable indicates that the template by Petroleum Products Pricing Regulatory Agency (PPPRA) announcing an increase in the retail price of litre petrol has been deleted.

According to the report, PPPRA had on Thursday night, March 11, published a template on its website announcing an increase in the retail price of petrol

However, it was deleted on Friday morning, March 12, amid the outrage by Nigerians across the country over the sudden increase.

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Breaking: PPPRA makes U-turn, deletes template announcing petrol price increase
PPPRA deletes template announcing increase in the price of petrol per litre. Photo credit: Petroleum Products Pricing Regulatory Agency
Source: UGC

In another report by Premium Times, the agency took down the guiding price template and updated its website with details of the availability of fuel stock.

Legit.ng had earlier reported that people on Friday woke up to the news of an increase in the price of PMS days after the government had promised that the price of petrol will be slashed to below N100 per litre.

In its statement, PPPRA revealed that the new retail price for a litre of petrol for March would be between N209.61 and N212.61.

Shortly after the announcement, the Nigerian National Petroleum Corporation (NNPC) insisted there is no increase in the ex-depot price of petrol in the month of March.

The corporation stated its position in a tweet via its official handle sighted by Legit.ng on Friday, March 12.

Nevertheless, Nigerians still want the NNPC to issue a clearer and detailed statement regarding the development.

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Meanwhile, the federal government says plans have been concluded to host a national conference on the integration of artisanal/modular petroleum refinery operations.

This was disclosed by Ita Enang, the senior special assistant to the president on Niger Delta Affairs, during a press conference on Tuesday, March 9, in Abuja.

Enang reportedly said the aim of the conference is to seek ways to increase refining capacity and cause a drop in the price of petroleum products.

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Oluwatobi Bolashodun is a Legit.ng journalist with six years of working experience in the media industry. She graduated from Babcock University in 2012 with a Bachelor’s Degree in Mass Communication. Oluwatobi is a Current Affairs Editor, mostly writing on political, educational, and business topics. She uses her team spirit to encourage others to work hard.

Source: Legit.ng

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