News
Has FG Increased Petrol Price As Being Circulated Online? Read What NNPC Revealed
The NNPC has reacted to reports circulating on social media that the FG has increased petrol price.
The Nigerian National Petroleum Corporation (NNPC) has debunked the trending fake news of an impending review of pump prices of petroleum products, especially Premium Motor Spirit (PMS), called petrol.
A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, affirmed that contrary to the misinformation in the social media, the Federal Government has no plan to review prices of white products either downwards or upwards.
Ughamadu said since October, 2017, NNPC had been the sole importer of PMS into the country as the Oil Marketing Companies (OMCs) could not import due to the Open Market Price being much higher than the N145/litre official selling price.
Government, he said, has no plan to review the market prices of products either upwards or downwards now.
Ughamadu cautioned rumour mongers to be wary of the impact their ignoble act could cause on prices of petroleum products especially petrol as the festive period draws near.
He said the fake news can lead to artificial scarcity, hoarding of products by consumers which in turn may result in unwarranted queues and suffering of Nigerians at fuel stations.
The NNPC spokesman disclosed that members of the public should report any station which sells PMS above the N145 recommended price to the offices of the Department of Petroleum Resources (DPR) nationwide, saying the Department is authorised to monitor and regulate the Industry’s activities.
Ughamadu said the recent statement of the NNPC GMD, Dr. Maikanti Baru, that the corporation had 37 days stock of PMS subsists, stressing that the NNPC’s helmsman has mapped out strategies to ensure that Nigerians have a hitch-free festive period.
-NAN
Follow us on social media:
”Competition has started again” – Reactions trail Regina Daniels and co-wife, Laila’s posts about their husband, Ned Nwoko
“Only self!sh men are intimidated by women’s success, you should be happy that your woman is successful” – Actress Diva Gold to men
“She forms hard to get, but I slept with her the first day I came to her office” – IVD makes bombshell revelation on his relationship with Blessing CEO (Video)
“There’s hunger, however there’s huge” hope – Tinubu Lament
“Simon Ekpa is not our member” – IPOB stated
Diddy claims prosecutors showed judge edited Cassie video to make him look dangerous
“They don’t look so happy” – Reactions trail video of Chioma and Hailey at Davido’s concert
“God is still in the business of doing wonders, please keep trusting God” – Emotional moment gospel singer Yinka Alaseyori serenades actress Dayo Amusa who gave birth to her first child at 41 years (Video)
-
News1 day ago“There’s hunger, however there’s huge” hope – Tinubu Lament
-
News1 day ago“This is m@dness” – Young man disrupts the peace inside banking hall as he plays song using his JBL speaker, clip trends online (Watch)
-
Biafra1 day agoFG confirms arrest of Simon Ekpa by Finnish authorities
-
Lifestyle1 day agoNigerian man who passed away 10 years ago confesses he’s currently in Lagos, reveals big secret