The Petroleum Products Pricing Regulatory Agency (PPPRA) has deleted a template announcing the new price of petrol stands N212.6 per litre from its website.
The agency had published the template on its website, http://pppra.gov.ng/pms-guiding-price-for-march-2021/.
The publication was greeted with outrage across the nation with fuel queue observed in several filing stations in Abuja and Lagos.
The template released midnight indicated petrol is to sell at a lower retail price of N209.61 and at an upper retail price of N212.61.
The expected ex-depot price is N206.42, while the landing cost is N189.61.
The ex-depot price is the price at which the product is sold by the NNPC to marketers at the depots.
With ex-depot price standing at N206.42 per litre, the March template shows that the landing cost for petrol per litre is N189.61.
But the PPPRA, without any explanation in a way seen by many as a U-turn, deleted the template hours later.
When checked round 10:58am, the website page indicated ‘Page not found 404’.
Source: The Nation
The information contained in this post is for general information purposes only. Opinion articles, comments are solely the responsibility of the author and does not necessarily reflect the views of BlazeNewz while we endeavour to keep the information accurate with objectivity as we adhere to global practice of journalism. Read our full Disclaimer.
Politics1 year ago
Breaking: Appeal Court Sacks Ekiti APC Senator, Adeyeye Declares PDP, Olujimi Winner
News1 year ago
I’m Not Afraid Of Death– Obasanjo
Politics2 years ago
Rivers Guber ”In The End, It Will Be A Sweet Victory” Wike Tells Party Members
Sponsored Posts2 years ago
Come And Learn Yoruba Traditional Druming and Dancing
Foreign1 year ago
Breaking : Another Virus, Hantavirus Surfaces In China
News2 months ago
Breaking : AIG Zanna Mohammed Ibrahim Tip To Emerge Acting IG
News2 months ago
Prices Of Rice , Other Major food Items Crash
Economy5 months ago
Cement Price Drops – Check Out The Current Price