No plan to increase fuel price – NNPC

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By Benjamin Umuteme


Nigerian National Petroleum Corporation (NNPC) has once again 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.”
The NNPC, in a statement issued yesterday, stated that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre had not changed, adding that the Corporation had enough stock of fuel to ensure “seamless supply and distribution of products across the country.”
Enjoining motoristsa and other users of petroleum products to disregard rumours of an impending fuel price hike in some online news platforms, the corporation stated 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, therefore, enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.
The Corporation noted 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.

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