No plans to increase fuel price – NNPC

The Nigerian National Petroleum Corporation has insisted that the corporation will not be reviewing the approved price of its petroleum products, both at the ex-depot level and pump price ahead of the forthcoming Yuletide.

There have been several reports last week that the corporation will be reviewing the price of fuel this week.

While describing the report as false, as the corporation did last week, Mr. Ndu Ughamadu who is the Group General Manager Group Public Affairs Division said the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre had not changed.

Mr. Ndu Ughamadu who said this via a statement on Monday, 4th of December 2017, added that the corporation had enough stock of fuel to ensure seamless supply and distribution of products across the country.

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

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, namely the Petroleum Products Marketing Company and NNPC Retail Limited were fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation.

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