Waking up this morning, Nigerians were welcomed with the news of increment in the price of petrol to N212.6/litre from N162/litre by the Petroleum Products Pricing Regulatory Agency, PPPRA, in the early hours of Friday.
However, hours later, it was noticed that the PPPRA deleted the earlier published template that announced the new petrol price.
The deletion came hours after the agency published the template on its website, and after the Nigerian National Petroleum Corporation insisted that there was no increment in the ex-depot price of petrol.
According to the (now deleted) template which the PPPRA released midnight, petrol is expected to sell at a lower retail price of N209.61 and at an upper retail price of N212.61. Nigerian marketers usually use the upper band for pump price.
With ex-depot price standing at N206.42 per litre, the March template (now deleted) showed that the landing cost for petrol per litre is N189.61.
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