The Nigerian National Petroleum Corporation (NNPC) has refuted alleged plans to increase the pump prices of petroleum products as it assured Nigerians that it has no plans to increase prices both at the ex-depot level and filling stations pump price as Christmas approaches
This was disclosed by the Group General Manager Group Public Affairs Division of the Corporation, Ndu Ughamadu, in a statement issued on Monday to reporters in Abuja, stressing that the Corporation’s ex-depot price of petrol was still N133.38 per litre, while petrol pump price remained N145 per litre. The NNPC in the statement said further that these prices have not changed adding that it has enough stock of petrol to ensure interrupted supply and distribution of products across the country.
READ ALSO: Updated: Petrol price for October to drop to N157 as landing cost falls
It, therefore, urged motorists and other petroleum users of petroleum products to disregard trending rumours of impending fuel hike, stressing that it has the full commitment of all downstream stakeholders including petroleum marketers and industry unions in its efforts to achieve a zero fuel scarcity this season and beyond.
It also warned motorists not to engage in panic buying or indulge in the dangerous practise of stocking petroleum products in jerry cans at home, pointing out that its downstream subsidiary companies, the Petroleum Products Marketing Company (PPMC) and the NNPC Retail Limited were fully prepared to ensure that motorists enjoy uninterrupted access to petrol across the country.
Innocent Odoh, Abuja
