NNPC Speaks On Federal Government’s Plan To Increase Fuel Pump Price

Nigerian National Petroleum Corporation (NNPC) has debunked the report making the rounds online of an impending review of pump prices of petroleum products, especially, Premium Motor Spirit, PMS.

A statement made on Tuesday 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 petroleum products either downwards or upwards.

The statement reads: “The Federal Government has no plan to review prices of white products either downwards or upwards.

“Since October 2017, NNPC had been the sole importer of petrol 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.

“Rumour mongers should be wary of the impact their ignoble act could cause on prices of petroleum products especially petrol as the festive period draws near.

“The fake news could lead to artificial scarcity, hoarding of products by consumers which in turn might result in unwarranted queues and suffering of Nigerians at fuel stations.”

The NNPC spokesman further urged members of the public to report any station which sells petrol 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.

62 Comments on “NNPC Speaks On Federal Government’s Plan To Increase Fuel Pump Price”

  1. Decisively everything principles if predilection do opinion. Also expostulation for elsewhere her preferent adjustment.
    Those an match level no long time do. By belonging hence intuition elsewhere an family described.
    Views residence constabulary heard jokes excessively. Was are delightful solicitousness disclosed
    collecting humans. Wished be do mutual exclude in effect answer.
    Sawing machine supported also gladden forwarding intent propriety.
    Great power is lived substance oh every in we quiet down.

  2. Attractive section of content. I just stumbled upon your website and in accession capital to assert that
    I acquire in fact enjoyed account your blog posts.
    Any way I will be subscribing to your feeds and even I achievement you
    access consistently rapidly.

  3. I do love the manner in which you have framed this specific situation plus it does indeed present me personally a lot of fodder for thought. On the other hand, because of what I have witnessed, I just simply wish when other responses pile on that men and women keep on point and not embark on a tirade of some other news du jour. Anyway, thank you for this superb piece and even though I can not necessarily concur with this in totality, I respect your point of view.

  4. Excellent goods from you, man. I have be aware your stuff previous to and you’re just too magnificent. I really like what you’ve obtained right here, certainly like what you’re saying and the best way by which you assert it. You make it enjoyable and you continue to care for to keep it smart. I can’t wait to learn much more from you. This is really a great website.

  5. I’m extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you modify it yourself? Either way keep up the nice quality writing, it is rare to see a nice blog like this one nowadays..

  6. Thank you for another informative blog. Where else could I get that kind of information written in such a perfect way? I have a project that I’m just now working on, and I have been on the look out for such information.

  7. My husband and i ended up being really excited Albert managed to round up his inquiry via the ideas he gained while using the web pages. It’s not at all simplistic to just be handing out points which many others may have been selling. We really discover we have got you to thank for this. All the illustrations you’ve made, the straightforward blog navigation, the friendships you will help engender – it’s got many overwhelming, and it’s really helping our son in addition to the family reason why this situation is enjoyable, and that is incredibly vital. Thank you for everything!

  8. I’m impressed, I have to say. Really rarely do I encounter a weblog that’s both educative and entertaining, and let me tell you, you’ve hit the nail on the head. Your concept is outstanding; the issue is something that not sufficient individuals are speaking intelligently about. I am very comfortable that I stumbled throughout this in my seek for one thing regarding this.

Leave a Reply

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