The will be no fuel price increase, disregard rumours, NNPC tells Nigerians

By Editor on 12/07/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 73


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).

NNPC in statement by Group Managing Director, Mallam Mele Kyari, at the National Assembly Thursday 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.

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.

 

 

Source Vanguard

Posted on July, 11 2019

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Tonto Dikeh: My relationship with Amokachi *Speaks on...

APC loses over 200 members to PDP in...

Oparadike was decent, bold, upright, a leader with...

Buhari: Wakil’s death shocked me *We must not...

Clampdown of PDP officials continues as former Kaduna...

BREAKING: Buhari, Sheriff, ex-PDP boss, meet in the...

Kachikwu to CNN: Buhari doesn’t prefer oil to...

Dasuk suffering because of APC's hatred for Jonathan...

Jonathan: How Obama humiliated me in 2015 *Says,...
Latest News COZA: IG beware, Aisha Buhari warns *Steps in on Dakolo’s police summons BREAKING: Okorocha maintained 260 different bank accounts as Imo governor – panel Angry prostitute beats daughter to death after a night of failed patronage Buhari warns Shi’ites: Enough is enough! *I’ve no hand in El-ZakZaky’s detention BREAKING: Boko Haram kills aid worker, hours after mowing down army colonel, captain I saw hell working in Ghanaian university - sacked Nigerian lecturer BIZARRE: Security arrests man who climbed Lagos-PH bound aircraft CAN to Fulani herdsmen: You're your own enemies *Stop killing Nigerians BREAKING: Army confirms killing of colonel, captain in fresh Boko Haram attack Security: To turn Oyo around, I’ll ensure farmers return to their land, investors' safety

 

Most Read BREAKING: Atiku defects to APGA *Picks ticket for 2019 presidency *Runs with Soludo (57,314 views) BREAKING: Ronaldo, Messi, Neymar clinch final Ballon d'Or shortlist, Suarez snubbed (38,114 views) You must release Kanu, give us justice or we keep bombing – Gen. Ben (26,112 views) Seven 'killer' SARS officers arrested in Anambra for murder (23,654 views) I must redeem Ndigbo or die trying – Nwodo *We're quite uncomfortable in Nigeria (22,087 views) Biafra: I’ll lead negotiation with agitators – Okorie *Warns against force (15,203 views) Okorie to Buhari: Your gvt can’t be killing Ndigbo and offering B’Haram amnesty (14,829 views) BREAKING: Upset, as Ugwuanyi appoints Queen of 419 into cabinet (14,807 views) BREAKING: Again DSS shuns court order, hedges on Kanu's release (13,692 views) Catholic bishops to Mbaka: Your prophesies could be brain wave (12,820 views)

 

News Appointments (232) Business (310) Crime (980) Economy (528) Education (215) Entertainment (188) Fashion and Style (64) General (431) Health (434) Inside Africa (336) Interviews (20) National (1210) Politics (3095) Press Releases (3) Religion (202) Security (1452) Sports (2326) Technology (28) World News (551)

 

CBN banner advert

Chelsea Outdoor

Veleta banner

FRSC Officials vs Woman Driver on highway

 

 

Newsletters Subscribe to Whirl Wind News newsletters today and get breaking news and updates delivered to your mailbox!

Sign up

 

Advertisement