The Petroleum Products Pricing Regulatory Agency (PPPRA) has deleted an earlier published template announcing that the new price of petrol has reached N212.6 per litre following outrage.
The agency was forced to delete the template after the Nigerian National Petroleum Corporation (NNPC) insisted that there was no increase in the ex-depot price of petrol.
NNPC Towers
The ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots.
The PPPRA still had the template on its website as of 9am Friday.
The now-deleted template released midnight said petrol was expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers usually use the upper band for pump price.
The expected ex-depot price, as seen in the template, was N206.42, while the landing cost was N189.61.
With ex-depot price standing at N206.42 per litre, the March template (now deleted) showed that the landing cost for petrol per litre was N189.61.
