The Petroleum Products Pricing Regulatory Agency, on Friday, deleted an earlier published template announcing the upward review in price of Premium Motor Spirit, better known as petrol from N164 to N212.6 per litre.

This development is coming following the emotional outcries by Nigerians over the need for such an increase.

The U-turn came hours after the agency published the template on its website, http://pppra.gov.ng/pms-guiding-price-for-march-2021/ and after the Nigerian National Petroleum Corporation insisted that there is no increment in the ex-depot price of petrol.

According to the 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, however, usually use the upper band for pump price.

With ex-depot price standing at N206.42 per litre, the March template shows that the landing cost for petrol per litre is N189.61.

But the PPPRA, in a seeming U-turn, deleted the template hours later. As of 9am on Friday, the template was still on the PPPRA website but when our correspondent checked at 10:30am, the template has been deleted. The website page showed ‘Page not found 404’.

The PUNCH