NNPCL denies plan to hike fuel price

With the organised labour sounding combative, the Nigerian National Petroleum Company Limited has denied any imminent plan to hike the pump price of Premium Motor Spirit, popularly called petrol.

In a post by the company, on its official  handle, the major importer of petrol into Nigeria disclosed that it had no intention to increase the pump price of petrol.

A few motorists in Abuja Tuesday paid N700 for a litre of fuel as against a price regime of N670 last week.

“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 disclosed.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *