Thursday, 11 July 2019

NNPC quells rumors of petrol price increase

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.


The corporation said the statement of the corporation’s Group Managing Director, Mallam Mele Kyari, at 

the National Assembly 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
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NNPC GMD stated during his engagement with the Senate President Ahmed Lawan, at the National 

Assembly was that the price of petrol was abysmally low in Nigeria compared to what obtained in 

neighbouring West African countries.


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.

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