No plan to increase petrol pump price, says NNPC

Amid growing queues at filling stations, the Nigerian National Petroleum Company (NNPC) Limited has disclosed that there are no plans to increase the pump price of premium motor spirit, also known as petrol.

The pump price of petrol has remained largely stable in the past few months following the removal of subsidy by President Bola Ahmed Tinubu in May 2023.

Checks around Abuja on Thursday showed that while NNPC Retails Limited continued dispensing at N617 per litre, major marketers sold at N648 to N650 per litre. With independent marketers dispensing at N660 per litre.

A statement by the spokesman of NNPC Limited, Mr Olufemi Soneye, assured consumers that there is no imminent increase in the cost of petrol.

“NNPC Ltd. urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.

“Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country,” he added.

#Watchvideo : SECURITY FORCES BURST THE CAMP OF UNKNOWN GUNMEN IN AKOKWA

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