- The Nigerian National Petroleum Corporation (NNPC) says the reported planned increase in the price of petrol is false
- NNPC assures motorists and other consumers of the product that the pump price remains the same across the country
- It cautions marketers against hoarding the product
The Nigerian National Petroleum Corporation (NNPC) has revealed that it does not have any plan to implement any increase in the pump price of Premium Motor Spirit (PMS), otherwise called petrol in the country.
In a statement released by its spokesperson, Ndu Ughamadu, on Saturday, January 6, the agency assured motorists and other consumers of petroleum products that the pump price remains N143 per litre in NNPC retail outlets and N145 in other fuel stations.
It also said said the PMS ex-depot price of N133.28k per litre to marketers is still being maintained.
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"In the last few weeks, the corporation has increased its daily truck-outs of PMS per day to ensure petrol sufficiency across the states of the federation.
"Motorists and other consumers of petroleum products are assured that NNPC has a robust sufficiency of petroleum products to cater for their daily consumption.
"Marketers are hereby cautioned against hoarding or diversion, as law enforcement agencies have been enjoined to deal appropriately with defaulters.
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"Again, NNPC affirms that it has no intension, whatsoever, to execute any increase in the pump price of petrol, as such the price of PMS stands at N143 per litre in NNPC Retail outlets and N145 per litre in other fuel stations.," it said.
NAIJ.com earlier reported how the minister of state for petroleum, Dr Emmanuel Ibe Kachikwu, recently denied news reports that the federal government was planning to jack up the pump price of petrol, at present fixed at N145 per litre.
Idang Alibi, the director of press in the ministry in a statement on Thursday night, January 4, clarified the minister’s submission made to the joint committee of the National Assembly on Petroleum Downstream.
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Source: Naija.ng