NEWS

No Plans To Increase Fuel Price, NNPC Tells Nigerians

The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of petrol.

The Corporation said the statement of its Group Managing Director, Mr Mele Kyari, at the National Assembly on Wednesday  did not suggest any plan to increase the price of petrol.

NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, clarified that what the NNPC GMD stated during his engagement with the Senate President, Senator Ahmed Lawan, was that the price of petrol was abysmally low in Nigeria compared to what obtained in neighbouring West African countries.

Ughamadu noted that Kyari had observed at the event that the huge disparity in the pump price of petrol between Nigeria on the one hand and her neighbouring countries on the other hand tended to encourage cross-border leakages, as he sought the support of the leadership of the National Assembly to curb the malaise of smuggling.

He advised Nigerians to disregard the insinuation of a planned hike in the price of petrol by NNPC, saying statutorily, NNPC was not even in a position to regulate the price of petroleum products.

The NNPC spokesperson stated that as directed by relevant agencies of the Government, the pump Price of petrol remainsN145 per litre and cautioned petroleum products marketers not to sell petrol above the approved price.

The NNPC advised Nigerians to remain vigilant and volunteer information to the Department of Petroleum Resources (DPR), the industry regulator, or to any law enforcement agency around them, on any station which sells petrol beyond N145 per litre.

 

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