The Petroleum Products Pricing Regulatory Agency (PPPRA) has deleted the pricing template announcing the increase of petrol to N212 per litre from its website.
The new price represents an increase of more than 31.24 per cent from its current retail price of N162 per litre.
The increment, according to the PPPRA, an increase in the ex-depot price to N206.42. The ex-depot price is the rate at which the product is sold by the Nigeria National Petroleum Corporation (NNPC) to marketers at the depots.
However, the NNPC in a post on Twitter on Friday refuted the information that the ex-depot price of petrol has increased, saying no increase is expected to be made for the month of March.
Following the NNPC’s announcement, the PPPRA on Friday deleted the pricing template from its website.
A check on the website by our correspondent noticed that the page – http://pppra.gov.ng/pms-guiding-price-for-march-2021/ – had suddenly become inaccessible.
The reason for the deletion of the template by the PPPRA remains unknown as of the time of filing this report.