Citi Newsroom

NPA directs OMCs to increase UPPF and BOST margin on fuel effective Dec. 1

NPA directs OMCs to increase UPPF and BOST margin on fuel effective Dec. 1

The National Petroleum Authority (NPA) has directed Oil Marketing Companies and other industry players to increase the Unified Petroleum Price Fund (UPPF) and Bost margin on fuel effective December 1.

A November 30 memo sent to the Oil Marketing Companies indicated that the firms were all to review the BOST Margin in their Price Build Up (PBU) of Petroleum products effective today, to the new amount.

According to the National Petroleum Authority, NPA, the increase is needed to ensure that freight rates reflect the current conditions in the country.

The Unified Petroleum Price Fund, UPPF, margin is used to support the transportation of petroleum products around the country to ensure that price of the product evenly distributed in every part of the country despite the location.

This is the second time this year that the National Petroleum Authority has increased the Unified Petroleum Price Fund on petroleum products.

Original Story on: Citi Newsroom
Scroll to Top