Government

NNPC reacts to purported increase in fuel price

Google+ Pinterest LinkedIn Tumblr

The Nigerian National Petroleum Corporation (NNPC) has said that reported plans to increase pump price of petrol are false.

The corporation in a statement signed by Group General Manager, Group Public Affairs Division of NNPC, Ndu Ughamadu blamed mischief makers for spreading the rumour.

Reports had circulated of a purported increase in pump price of fuel after new NNPC Group Managing Director, Mele Kyari visited the Senate President, Ahmed Lawan, and lamented the difficulty in making the product available to Nigerians at N145.

However, the corporation said that the NNPC boss’s observation did not in anyway imply that it was planning to increase the pump price of the product.

The statement read:

The Nigerian National Petroleum Corporation (NNPC) has advised motorists and other petroleum products consumers to disregard trending rumour of a planned hike in the pump price of Premium Motor Spirit (PMS), otherwise called petrol, saying the statement of the corporation’s Group Managing Director, Mallam Mele Kyari, at the National Assembly yesterday did not suggest any plan to increase the price of the white product.

NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, clarified that what the NNPC GMD stated during his engagement with the Senate President, Distinguished Senator Ahmed Lawan, at the National Assembly yesterday was that the price of petrol was abysmally low in Nigeria compared to what obtained in neighbouring West African countries.

Ughamadu noted that Mallam Kyari had observed at the event that the huge disparity in the pump price of petrol between Nigeria on the one hand and her neighbouring country on the other hand tended to encourage cross-border leakages, as he sought the support of the leadership of the National Assembly to curb the malaise of smuggling.

Read Also: Herdsmen beg Imo community for forgiveness after attacking farmers

He advised Nigerians from all walks of life to disregard the insinuation of a plan hike in the price of petrol by NNPC, saying statutorily, NNPC was not even in a position to regulate the price of petroleum products, advising that NNPC role as an operator must be differentiated from that of any of the Industry regulators.

The NNPC spokesperson stated that as directed by relevant agencies of the 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.

NNPC advised Nigerians to remain vigilant and volunteer information to the Department of Petroleum Resources (DPR), the Industry regulator, or to any law enforcement agency around them, on any station which sells petrol beyond N145 per litre.

mm

John is a University of Lagos-trained journalist. His views are always the end products of a deliberate search for information and knowledge. He has read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. He is an expert Scrabble and draughts player who is also excellent at swimming. If you know the capitals of 45 African countries by heart, then you are exactly like him.

Leave a Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.