NNPC Asks Nigerians To Ignore Report Of Fuel Price Increase

Channels Television  
Updated July 11, 2019

NNPC To Recover Missing Petrol Worth Over 130m Litres

 

The Nigerian National Petroleum Corporation (NNPC) has asked Nigerians to ignore report of fuel price increase.

The Group General Manager, Public Affairs of the NNPC, Ndu Ughamadu, in a statement said that the statement made by the corporation’s Group Managing Director at the Nation Assembly on Wednesday did not suggest any plan to increase the price of the product.

Mr Ndu Ughamadu explained that what the GMD said was that the price of petrol in Nigeria is abysmally low compared to what obtains in neighbouring West African countries.

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He noted that the GMD 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 leakages, as he sought the support of the leadership of the NASS to curb the malaise of smuggling.

He advised Nigerians from all walks of life to disregard the insinuation of a plan hike in the price of petrol by the NNPC, saying statutorily, the Corporation was not even in a position to regulate the price of petroleum products advising that the NNPC’s role as an operator must be differentiated from that of any of the Industry regulators.

The NNPC spokesperson stated that as directed by relevant agencies of the Government, the pump Price of petrol remains N145 per litre.

He cautioned petroleum products marketers not to sell petrol above N145 per litre following the disclaimed rumour.

He 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.