NNPC says no plan to increase fuel price

Abuja –  The Nigerian National Petroleum Corporation (NNPC) on Monday in Abuja reiterated that there was no plan to increase the prices of petroleum products.
In a statement, Ndu Ughamadu, the corporation’s Group General Manager, Public Affairs Division, said there was no plan to increase prices at the ex-depot level and pump price ahead of the forthcoming yuletide.
NNPC had on Nov. 30, issued a statement saying there was no plan to increase fuel price at the depot and at filling stations.
There had been a rift between the Independent Marketers Association of Nigeria and the Depot and Petroleum Marketers Association over discrepancies in ex-depot prices of petroleum products.
Ughamadu said that the ex-depot petrol price of N133.38 per litre and pump price of N143/N145 per litre had not changed.
He assured the public that the corporation had enough stock of petroleum products to ensure seamless supply and distribution of products across the country, especially during the yuletide.
He urged motorists and other users of petroleum products to disregard trending rumours of an impending fuel price hike.
“The NNPC has the full commitment of all downstream stakeholders, including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.
“We enjoin motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.
“The Petroleum Products Marketing Company and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation,’’ Ughamadu said.
Meanwhile, queues are reported to have surfaced in filling stations in Sokoto metropolis and its environs, creating hardship for motorists and commuters.
The News Agency of Nigeria (NAN) reports that the queues, which were first noticed in few stations on Saturday, spread to more outlets on Monday, forcing motorists into panic-buying.
Some of the filling stations belonging to members of Independent Petroleum Marketers Association of Nigeria (IPMAN) have increased the price of a litre of petrol from N145 to N150.
At NNPC Mega Stations and others operated by major marketers, the queues were longer as they maintained the official price of N145 per litre but were reluctant to sell to motorists.
Some motorists on queue expressed displeasure about the situation and urged the government to act fast before it degenerated into a major problem. (NAN)

Related Story:  Peugeot launches joint venture to build cars in Algeria
MTN News Alert
DMON
To receive our mobile newspaper on MTN delivered on your phone, text SAWD to 4900 at N50 per week or SAMD to 4900 at N150 per month.
For information on press releases, photos, promotional events and adverts, call or send text to 08173460599 or 08094208271or send email to: info@sundiatapost.com

Leave a Reply

Leave a Reply

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

*

Sundiata Post Media Ltd.

Address: 3rd Floor Office Suite, Bayelsa State Guest House, Plot 1038, Shehu Shagari Way, Maitama, Abuja, Nigeria.
Tel: +234(0)92900705, +234(0)8173460599
Whatsapp: +234(0)8053069436
BBM PIN: 5619150D
Email: info@sundiatapost.com
Website: www.sundiatapost.com

Enugu Regional Office: SW 1 New Haven Shopping Mall, Enugu, Enugu State, Nigeria.
Tel: +234(0)7062582838
https://twitter.com/sundiatapost/

London Office: 18 Belgrave Avenue, Wd18 7UE, Watford, United Kingdom.
Tel: +447417554143
Dubai Office: PAU Management Suite, Level 23 - Boulevard Plaza Tower 2, Emaar Boulevard,
P. O. Box 124342, Dubai, UAE.
Tel: +971 4 4096849 | Fax: +971 4 409 6850
About Us

SundiataPost is published by Sundiata Post Media Limited, Sundiata Post is Nigeria’s most authoritative online newspaper and ranks among the top five online news platforms in Nigeria.

Guild of Corporate online publishers
ACCREDITED MEMBER
A Glance at Our Advert Rate.

Inside Pages

Size In Pixels - Amount

120×180 - N27,967.50

300×100 - N24,695

Text Link - N11,275

More Details info

About Us | Contact Us | Privacy Policy | Terms of Use | Advert Rate