NNPC Reveals Fuel Price Increase Not On The Cards

0
648

Energy

Tuesday,December 5,2017

For the umpteenth time, the Nigerian National Petroleum Corporation reaffirmed its earlier stance that it has no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming Yuletide.

The corporation re-emphasised this in a statement signed by its Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in Abuja on Monday

It said that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre had not changed

It noted that the corporation had enough stock of fuel to ensure seamless supply and distribution of products across the country.

It enjoined motorists and other users of petroleum products to disregard trending rumours in some online news platforms of an impending fuel price hike.

The corporation in the statement added that it had the full commitment of all downstream stakeholders, including petroleum marketers and industry unions, to cooperate in achieving zero fuel scarcity this season and beyond.

It further enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.

It assured that its downstream subsidiary companies, namely the Petroleum Products Marketing Company and NNPC Retail Limited were fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation.

SHARE
Previous article99 persons perish in boat mishaps in Lagos, two others
Next articleCzech Wage Rises Slow in Third Quarter
Joseph Afam (Local Contents and Partnership Editor) (070 3949 0464) Joseph Afam is a energy and finance journalist, who has years of experience in journalism, he started his journalism career in Nigeria’s top financial newspaper in Lagos. He’s a graduate of Economics and Finance from University of Ebonyi State, Nigeria He has won series of awards and regconitions Contact him for any editorial deals and advertorial issues on # Joseph.Afam@naija247news.com, editor@naija247news.com, Cell: 070 3949 0464

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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