NNPC Debunks Trending Rumor to Increase Petrol Price

The Nigerian National Petroleum Corporation (NNPC) has refuted trending reports of the federal government’s intention to increase the pump price of Premium Motor Spirit (PMS), otherwise called petrol

It explained that the statement of the corporation’s Group Managing Director, Mele Kyari, at the National Assembly on Wednesday did not suggest any plan to increase the price of the white product. He advised motorists and other petroleum products, consumers, to disregard trending rumor.

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 neighboring West African countries.

Ughamadu noted that Mallam Kyari had observed at the event that the huge disparity in the pump price of petrol between Nigeria on the one hand and her neighboring country, 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 from all walks of life to ignore 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, advising that NNPC role as an operator must be distinguished 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 rumor.

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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