Get Paid to Read News Everyday!

Sign up below...

Whatsapp Channel

Disregard Petrol Price Hike Rumours- NNPCL Tells Nigerians

OPEC plus Ready to cut oil output, Sylva explains hike in fuel price Looming fuel scarcity as Oil workers commence Strike pengassan Disregard Petrol Price Hike Rumours- NNPCL Tells Nigerians
Citizens queue to buy petrol in a gas station in Nigeria

The Nigerian National Petroleum Company Limited (NNPCL), on Wednesday, said that it had no plan to hike the pump price of Premium Motor Spirit, popularly called petrol.

This was contained in a statement issued by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye.

The oil firm further urged motorists not to be involved in panic buying, as it stressed that the company had no plan to raise the cost of the product.

The statement read, “NNPC Ltd assures the public that there is no imminent increase in the cost of Premium Motor Spirit, commonly known as petrol.

“NNPC Ltd urges Nigerians to disregard unfounded rumours and assures them that there are no plans for an upward review of the PMS price.

“Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country.”

Some Nigerians had expressed fear following the revelation by oil marketers that the cost of petrol should be around N1,200/litre if it was not being subsidized, considering the cost of the commodity in other climes.

The NNPCL, however, insisted that there was no more subsidy on the product, stressing that it was now recovering its full cost on the importation of PMS into Nigeria. NNPCL is the sole importer of petrol into Nigeria.

This Article is Fact-Checked. See Policy.
1 comment
  1. I loved you even more than you’ll say here. The picture is nice and your writing is stylish, but you read it quickly. I think you should give it another chance soon. I’ll likely do that again and again if you keep this walk safe.

Leave a Reply

Your email address will not be published.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

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

Related Posts