The downstream subsidiary of the Nigerian National Petroleum
Corporation, NNPC, the Petroleum Products Marketing Company, has fixed
the ex-depot price of petrol at one hundred and thirty-eight naira
sixty-two kobo per litre.

It disclosed this in a memo signed by its Manager, Sales, Mr Mohammed
Bello, in Abuja.
The ex-depot price is the price at which depot owners sell the
commodity to retail outlets.
The Petroleum Products Marketing Company also put the ex-coastal price
of the commodity, which is the price at which the product is sold to
depot owners, at one hundred and thirteen naira seventy kobo per
litre.

The ex-depot price for automotive gasoline oil known as diesel was
fixed at one hundred and sixty naira per litre and one hundred and
sixty-five naira per litre, for depots in Lagos and Oghara
respectively.

It further fixed the ex-depot price for kerosene at one hundred and
sixty naira per litre.