No plans to hike price in February- NNPC

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The Nigerian National Petroleum Corporation (NNPC) has denied plans to increase price from February.

There had been speculations the prices petroleum products go up next month as many filling stations sell above the official N162 per litre.

But NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, told The Nation on phone there no imminent upward review the price.

He said: “NNPC has not increased its ex-depot price. I am certain that NNPC is not likely to increase its ex-depot price in February”.

He allayed fears scarcity of the product.

Obateru the Resources (DPR) to clampdown on the marketers hoarding petrol.

“We have sufficiency for almost forty something days. If people are hoarding or increasing their prices that one is for the DPR to look into,” he said.

The Nation