• Diesel now N160 per litre and N165 per litre for depots in Lagos
The downstream subsidiary of Nigerian National Petroleum Corporation (NNPC), Petroleum Products Marketing Company (PPMC), has fixed the ex-depot price of Premium Motor Spirit (PMS), known as petrol, at N138.62 per litre with effect from August 5 this year.
The ex-depot price, as noted in a memo its Manager, Sales, Mohammed Bello, signed in Abuja on Tuesday, is the price at which depot owners sell the commodity to retail outlets.
The ex-depot price for automotive gasoline oil (AGO), also known as diesel, was fixed at N160 per litre and N165 per litre, for depots in Lagos and Oghara.
PPMC noted that the ex-coastal price of the commodity, which is the price at which the product is sold to depot owners, is now N113.70 per litre while the ex-depot price for kerosene is N160 per litre.
