Nigeria: DPR Helpless As Marketers Hike Ex-Depot Price of Petrol

3 January 2013

The Department of Petroleum Resources (DPR) appears to have turned a blind eye as private Oil Marketing & Trading (OM & T) companies hike the ex-depot price and official pump price of Premium Motor Spirit (PMS), above the official prices and still receive subsidy from the Federal Government, THISDAY has gathered.

The prevailing expected market price of imported petrol is N144.66 per litre, according to the Petroleum Products Pricing Regulatory Agency (PPPRA).

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