No plans to hike fuel price, says NNPC

July 13, 2019
146 Views

The Nigerian National Petroleum Corporation have advised motorists and other petroleum product consumers to disregard the trending rumour of a planned hike in the pump price of Premium Motor Spirit, popularly known as petrol.

It explained that the statement of Mele Kyari, the corporation’s group managing director statement at the National Assembly did not suggest any plan to increase the price of the white product.

Ndu Ughamadu, group general manager, group public affairs division, clarified that what the NNPC GMD stated during his engagement with the senate president, 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 smuggling

This, according to Ughamadu, was why the NNPC boss sought the support of the leadership of the National Assembly to curb the malaise of smuggling.

The oil firm advised Nigerians to disregard the insinuation of a planned hike in the price of petrol by NNPC.

It stated that statutorily NNPC was not even in a position to regulate the price of petroleum products, adding that the corporation’s role as an operator must be differentiated from that of any of the industry regulators.

Ughamadu stated that as directed by relevant agencies of government, the pump price of petrol remains N145 per litre.

NNPC cautioned petroleum products’ marketers not to sell petrol above N145 per litre following the disclaimed rumour.

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

You may be interested

For How Long Is My Motor Insurance Policy Valid?
Business
5 shares58 views
Business
5 shares58 views

For How Long Is My Motor Insurance Policy Valid?

Webby - September 12, 2022

When purchasing auto insurance, you can tailor many aspects, including the types of coverage you select, the amount of your…

I will leave legacy of free-and-fair elections, Buhari tells UNGA
News
1 views
News
1 views

I will leave legacy of free-and-fair elections, Buhari tells UNGA

Webby - September 21, 2022

Nigerian President Muhammadu Buhari on Wednesday promised to leave a legacy of free-and-fair elections as his eight-year tenure comes to…

Updated: Senate okays Justice Ariwoola for appointment as CJN
News
1 views
News
1 views

Updated: Senate okays Justice Ariwoola for appointment as CJN

Webby - September 21, 2022

The Senate has confirmed the nomination of Justice Olukayode Ariwoola for appointment as the Chief Justice of Nigeria (CJN). President…

Ngige: Court order won’t stop further negotiation with ASUU
News
1 views
News
1 views

Ngige: Court order won’t stop further negotiation with ASUU

Webby - September 21, 2022

The Federal Government has declared that nobody won or lost in the ruling of the National Industrial Court of Nigeria…

Leave a Comment

Your email address will not be published.