The Nigerian National Petroleum Corporation on Friday said the increase in the price of petrol was based on the prevailing realities of market forces of demand and supply .
It also said the corporation was aware of the purported increase in the Pipelines Product Marketing Company’s ex – coastal price and ex – depot price (with collection) to N130 and N155 . 17 respectively .
NNPC , in a statement issued in Abuja by its spokesperson , Kennie Obateru , however, said it wished to clarify that although there was an increase , the correct prices, as could be seen on PPMC ’ s Customer Express platform were ex – coastal price , N128 ; and ex – depot price (with collection), N153 . 17 .
The Customer Express platform is an online portal for procurement of petroleum products , while PPMC is a subsidiary of NNPC .
NNPC advised marketers to make their purchases through the online Customer Express platform at the recommended prices.
