NNPC debunks fuel pump price review

NNPC debunks fuel pump price review

State oil company, Nigerian National Petroleum Corporation (NNPC) has said it has no plan to review pump prices of petroleum products, especially Premium Motor Spirit (PMS), popularly known as petrol.

The NNPC Group General Manager, Group Public Affairs Division, Ndu Ughamadu, who made this disclosure in a statement on Tuesday, said the Federal Government has no plan to review prices of white products either downwards or upwards.

He cautioned those spreading falsehood to be wary of the impacts their ignoble act could cause on prices of petroleum products especially petrol as the festive period draws near.

According to him, if not checked, the insinuation of unsubstantiated price review can lead to artificial scarcity and hoarding of products by consumers.

This, he added may result in unwarranted queues and suffering of Nigerians at fuel stations.

Ughamadu urged members of the public to report any station that sells PMS above the N145 recommended price to the offices of the Department of Petroleum Resources nationwide.

He reiterated the recent statement of the NNPC Group Managing Director, Dr Maikanti Baru, that the corporation had 37 days stock of PMS in the country.

Ughamadu added that NNPC had mapped out strategies to ensure that Nigerians have a hitch-free festive period.

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