NNPC Dismisses Fuel Price Hike Rumours

The Nigerian National Petroleum Corporation (NNPC) on Tuesday dismissed plans to increase pump prices of petroleum products, especially Premium Motor Spirit (PMS), popularly known as petrol.

The corporation’s Group General Manager, Group Public Affairs, Ndu Ughamadu, said contrary to rumours making the rounds on social media, the Federal Government also had no plan to review prices of white products.

According to him, though the agency has since last October been sole importer of petrol due to the inability of the oil marketing companies (OMCs) to cope with the Open Market Price that exceeds the official N145 per litre, there are no plans for price increment by government.

He warned purveyors of false information against acts that could stir sharp practices as the festive period approaches, calling on the public to report any filling stations selling above the official pump price to the Department of Petroleum Resources (DPR).

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