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NNPCL breaks silence, says no intention to hike fuel price

The Nigerian National Petroleum Corporation Limited has debunked claims making the round over an upward review of fuel pump prices nationwide.

NNPC Limited disclosed this in a statement on Monday.

The Company’s reaction is coming amid speculation of an upward review of fuel pump prices.

The President, Nigeria Labour Congress, NLC, Joe Ajaero, had threatened to embark on strike without issuing a notice if the fuel pumps price increases.

In a post by the company, on its official X (formerly Twitter) handle, the national oil firm and major importer of petrol into Nigeria, said it had no intention to increase the pump price of petrol.

“Dear esteemed customers, we at NNPCL Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated.

“Please buy the best quality products at the most affordable prices at our NNPCL Retail stations nationwide,” the company stated.

The NNPCL Retail is the downstream subsidiary of NNPCL that retails refined petroleum products for the group.

Recall that oil marketers had on Sunday indicated that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market.

They also hinted that dealers seeking to import PMS were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity.

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Sydney Okafor

I am so passionate about this my profession as a broadcast journalist and voiceover artists and presently a reporter at TV360 Nigeria

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