Ejigbo Satellite Depot sells at approved price of N133.28 per litre -NNPC

By Etuka Sunday

The Nigerian National Petroleum Corporation (NNPC) yesterday clarified that contrary to allegations that its Ejigbo Satellite Depot is selling petrol at a higher price, the depot is consistently dispensing petrol at the approved price of N133.28 per litre.
The Corporation stated its target was to ensure copious supply of petroleum products across the country to aid hitch-free movement of motorists during and beyond the Festive Season.
The Corporation noted this following reports of threats by the Lagos Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) to withdraw its services in Lagos and its environs sequel to alleged discrepancies in ex-depot prices, among others.
NNPC spokesman, Ndu Ughamadu in a statement said, that the Ejigbo Satellite Depot was fully stocked and carrying out regular loading services.
The Corporation further explained that the Ejigbo Satellite Depot had consistently dispensed premium motor spirit (petrol) at the approved price of N133.28 per litre contrary to allegations that it was sold at a higher price.
It said there was enough petroleum products in the country to last till the end of the year and that 25 vessels laden with petroleum products were also being expected to berth between now and January 2018 to further boost supplies.
The Corporation, therefore, urged members of the public not to entertain any fear or engage in panic buying of petroleum products as there was enough to keep the country well supplied.
It stated that the appropriate government agencies have been contacted to settle the rift between IPMAN and the Depot and Petroleum Products Marketers Association (DAPPMA).