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NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre (30860 Views)

Ex-Depot Petrol Price Rises To ₦‎490 Per Litre / Petrol Scarcity: NNPCL, Marketers Plan N148/litre Ex-depot Price / Petrol To Sell At 117 Per Litre As PPMC Slashes Ex-Depot Prices (2) (3) (4)

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NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by nlfpmod: 9:24pm On Jun 05, 2023
The Nigerian National Petroleum Company Limited (NNPCL) has released a new ex-depot price of N479.50 per litre of Premium Motor Spirit (PMS) petrol to the marketers, The Nation learnt on Monday.

It was also gathered the marketers are not against the removal of subsidy but are worried that the NNPCL is giving them the product paid for at the old rate since eight months ago for the new rates.

They are said to be concerned about recovering money to pay for the loans with which they purchased the tickets.

The Independent Petroleum Marketers Association of Nigeria (IPMAN), National Vice President, Alhaji Abubakar Maigandi told The Nation these on the phone.

NNPCL Chief Communication Officer, Malam Garba Deen Muhammad, who was asked to respond to the allegation, did not respond to calls by The Nation.

He also failed to reply the text message that The Nation sent to him.

Asked about the new ex-depot price, Maigandi said: “The price has started coming out. Some depots have started releasing the price. “They are selling at the rate of N479.50. That is the ex-depot price.”

Lamenting over NNPC’s application of new prices for old tickets, he said, “You know the banks are charging you based on the money they lent to you.

“Again, we, the Independent petroleum marketers have already purchased the product from NNPC since getting to eight months. Now they are saying they will give us the product for this new rate and not the old rate we paid at.

“And it is with our money they (NNPCL) bought this product. These are part of the challenges we are encountering now.”

https://thenationonlineng.net/nnpcl-pegs-ex-depot-price-at-n479-50-per-litre/

9 Likes 1 Share

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by NwaNimo1(m): 9:24pm On Jun 05, 2023
NNPC......now a limited liability company that serves it's shareholders, not Nigerians!



....Dangote's NNPC.

76 Likes 4 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Success27(m): 9:25pm On Jun 05, 2023
Some Nigerians are even more deadly than the government. How can nnpc sell fuel they bought 8 months ago for the price of today.

95 Likes 5 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by mariahAngel(f): 9:25pm On Jun 05, 2023
Nigeria; a very unstable country.

50 Likes 1 Share

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Nobody: 9:26pm On Jun 05, 2023
angry
Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Hambivert: 9:26pm On Jun 05, 2023
What NNPCL is doing by pegging the price is unconstitutional, an affront on the right of petrol businesses and a shameless display of double standards.
Subsidy is an organised crime that the government in connivance with NNPC orchestrated, but now they can't control it anymore. It's like the government budgeted for 15 thieves, but now the thieves are 150 in number against the government's wish, but the government can not reveal them without revealing its own thieving status.
NNPCL are the biggest thieves in all of these, it's surprising EFCC and ICPC aren't going after these people. Nigerian leaders are corrupt, lazy and bereft of ideas to fight corruption.

98 Likes 7 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by dyera(m): 9:26pm On Jun 05, 2023
When we were warning you guys before the election about the danger of Tinubu being a bundle of gaff, you guys thought we were just hating.

After seeing the current crisis Tinubu's gaff in his inaugural speech has caused, I am sure you have realized that we were right all along.

Meanwhile, it is criminal for NNPCL to increase petrol price when they are still selling old stock with the excuse that they need the money to purchase new stock. That's not how business is done.

72 Likes 8 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by slawomir: 9:27pm On Jun 05, 2023
Damnnn niggar

Tinubu is a disaster

70 Likes 9 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by SultanOfAbia: 9:27pm On Jun 05, 2023
Abeg wetin concern Olosho and Fuel Price?

Olosho don increase price for short time
I no understand how fuel price go take affect olosho business.
Abi una pussy dey run on fuel

Everybody for this Naija just dey wicked
Price everywhere don increase
Feul price keep increasing
Bicycle price don increase
Pussy price don increase

Man gats go back to soap and Vaseline

7 Likes 2 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Cholls(m): 9:27pm On Jun 05, 2023
My brother with this confusion, it means we can have it for N200

4 Likes 1 Share

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by oluwaseyi0: 9:27pm On Jun 05, 2023
when you are selling to Nigeria at 500 to 700 you didn't complain, now that you have to restock at 480+ you are complaining, what are you expecting that they will keep selling to you at old price while you sell at new 500+ price?

111 Likes 8 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by solmusdesigns: 9:27pm On Jun 05, 2023
grin



So NNPLC are the real crooks

No wonder Marketers with tank farm and depot's to store their own feul sell for lower prices

Aa Rano, Bovas, Forte Oil, Obat


Legalized Yahoo Yahoo

.

26 Likes 2 Shares

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Zico5(m): 9:28pm On Jun 05, 2023
NNPCL is not fair on this at all. If the depot price for marketers is 479.50 then how much will the filling stations sell. What of logistics money and the maintenance of filling stations. Nigeria is just too hard for individuals and business owners

11 Likes

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by HomorBj(m): 9:28pm On Jun 05, 2023
With time,everyone go adjust..No pain ,no gain..
Let the government too be willing to compromise and unite groups,individuals and entities that are Ready to work with it

14 Likes 1 Share

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Topmaike007(m): 9:28pm On Jun 05, 2023
Make Una explain give us ooh naija news this past days get as he dey be if I dey read am

1 Like 1 Share

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by MrBanner(m): 9:28pm On Jun 05, 2023
Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Jarabadoo: 9:28pm On Jun 05, 2023
Nawa
Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Westerhoffe(m): 9:28pm On Jun 05, 2023
mariahAngel:
Nigeria; a very unstable country.

Moon-walkingly stable.
In fact, it's a very hypertensively stablilzed country.
Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by heykims(m): 9:28pm On Jun 05, 2023
So we expect marketers to sell between 500 and 550 naira?

1 Like

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by BrickDevo: 9:29pm On Jun 05, 2023
Mad people in power

9 Likes

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Freksy(m): 9:29pm On Jun 05, 2023
This thing is a scam - well organised.

Each time they want to hike the price of fuel, as a means of extorting money from the poor masses to run the corrupt system, they deceive us with this subsidy thing.

Nigeria is broke! Totally broke! They need money by all means. In the coming months or years they will use the same formula to extort money from the poor citizens. They will say it was partially removed.

You can't truly deregulate and still continue to fix the price of PMS - that's regulation.

30 Likes 1 Share

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by heykims(m): 9:29pm On Jun 05, 2023
Success27:
That means anything else on top of it was added by the fuel station.
So how do they account for miscellaneous expenses?
More, won't they add their own gain before retailing it out?

4 Likes

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Samfloxin(m): 9:29pm On Jun 05, 2023
Make this fuel wahala no affect price of mama put oo

1 Like

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by ManWater: 9:29pm On Jun 05, 2023
How will this increased fuel price brought about by subsidy removal, impact the common man positively
Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by joachimnkenchor(m): 9:29pm On Jun 05, 2023
MOST NIGERIANS LIKE TAKING ADVANTAGE OF EVERYTHING
SOME PEOPLE ARE MORE DANGEROUS AND WICKED THAN THE GOVERNMENT

7 Likes

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Mccullum: 9:29pm On Jun 05, 2023
Both NNPCL and oil marketers are partner in crime. undecided

101 Likes 1 Share

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by maxiart2(m): 9:29pm On Jun 05, 2023
Okay na. Make we dey watch the drama.
Naija na cruise.
Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by ebenezary(m): 9:29pm On Jun 05, 2023
Pure nonsense

2 Likes

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by yesloaded: 9:29pm On Jun 05, 2023
Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by DrBasit(m): 9:30pm On Jun 05, 2023
Many components make up the fuel price. Freight cost, Bridging Fund cost, Marine transport average, Transporters allowance, Administration charges etc. With Dangote Refinery in Lagos, some of them will be eliminated and will drive the fuel price downward although may be not significantly.

6 Likes

Re: NNPCL Pegs Ex-Depot Price At ₦479.50 Per Litre by Jennie002: 9:30pm On Jun 05, 2023
What is this?

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