NNPC Speaks On Plans To Hike Petrol Price

The Nigeria National Petroleum Corporation (NNPC) has dismissed rumours of a planned increase in the pump price of Premium Motor Spirit, popularly known as petrol.

NNPC Group General Manager, Group Public Affairs Division, Mr Ndu Ughamadu explained that the statement of the corporation’s Group Managing Director, Mele Kyari, at the National Assembly did not suggest any plan to increase petrol price.

Ughamadu explained that Kyari told Senate President Ahmed Lawan that the price of petrol in Nigeria was low compared to what is obtained in other West African countries.

He stated that the NNPC 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 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.

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.