Contrary to news reports, the Nigerian National Petroleum Corporation (NNPC), on Saturday assured motorists and other consumers there is no impending increase in the pump price of petrol to between N170 and N180 by the Federal Government.
In a statement by Ndu Ughamadu, its spokesman, the corporation said “the pump price of petrol remains N143 per litre in NNPC Retail outlets and N145 per litre in other fuel stations, while PMS ex-depot price of N133.28k per litre to marketers is still being maintained.”
It said daily truck-outs of PMS per day have been increased to ensure petrol sufficiency across the states of the federation, stressing “that NNPC has a robust sufficiency of petroleum products to cater for their daily consumption.”
The statement cautioned marketers against hoarding or diversion, warning that law enforcement agencies have been enjoined to deal appropriately with defaulters.
“Again, NNPC affirms that it has no intention, whatsoever, to execute any increase in the pump price of petrol, as such the price of PMS stands at N143 per litre in NNPC Retail outlets and N145 per litre in other fuel stations,” the statement added.
