March 1, 2024

No plan to increase fuel price NNPC assures Nigerians


By Akpobor Jirue, Abuja

The Nigerian National Petroleum Corporation (NNPC) said it’s not aware of any plan by government to increase the pump price of Premium Motor Spirit, PMS, also known as petrol. The corporation also assured the general public of sufficient product and adviced the general public not to engage in panic.

The spokesperson of NNPC, Garba Deen Muhammad, gave the assurance in a statement in Abuja on Monday to allay fears of any hitch in petroleum products supply following reports of resurgence of queues in some parts of the country.

Assuring the sufficiency of products, he said, NNPC has over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months.

“It is therefore unnecessary to entertain any fear of scarcity of petrol throughout the festive season and beyond.

“The NNPC is also not aware of any plan by goverment to cause an increase in the pump price of petroleum. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has made that declaration last week.

“In view of these assurances therefore, the NNPC is advising motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country.

“The NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond,” he said.

Leave a Reply

Your email address will not be published.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