No plans to increase fuel price, NNPC says

fuel

The Nigerian National Petroleum Corporation (NNPC) emphasised that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.

This is contained in a statement signed by Mr Ndu Ughamadu, Group General Manager Group Public Affairs Division, in Abuja, on Monday.

It said that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre had not changed.

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It noted that the Corporation had enough stock of fuel to ensure seamless supply and distribution of products across the country.

It enjoined motorists and other users of petroleum products to disregard trending rumours of an impending fuel price hike in some online news platforms.

The corporation in the statement added that it had the full commitment of all downstream stakeholders including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.

It further enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.

It assured that its downstream subsidiary companies; the Petroleum Products Marketing Company (PPMC) and NNPC Retail Limited were fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation, NAN reported.