Disregard Rumour Of Impending Hike In Petrol Price – NNPC

The Nigerian National Petroleum Corporation has advised motorists and
other petroleum product consumers to disregard the trending rumour of a
planned hike in the pump price of Premium Motor Spirit, popularly known
as 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. 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 neighbouring West
African countries.


Ughamadu noted that Kyari had observed at the event that the huge
disparity in the pump price of petrol between Nigeria on the one hand
and her neighbouring countries, on the other hand, tended to encourage
cross-border smuggling  This, according to Ughamadu, was why the NNPC
boss sought the support of the leadership of the National Assembly to
curb the malaise of smuggling.  

The oil firm advised Nigerians to disregard the insinuation of a
planned hike in the price of petrol by NNPC.  It stated that statutorily
NNPC was not even in a position to regulate the price of petroleum
products, adding that the corporation’s role as an operator must be
differentiated 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 rumour. It advised Nigerians to remain vigilant
and volunteer information to the Department of Petroleum Resources, 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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