No plan to increase petrol price - NNPC

The Nigerian National Petroleum Corporation (NNPC) has again said there was no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.

The NNPC on Monday in a statement by its Spokesperson, Ndu Ughamadu, said that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre have not changed.

The state oil firm noted that it has enough stock of fuel to ensure seamless supply and distribution of products across the country.

While calling on motorists and other users of petroleum products to disregard trending rumours of an impending fuel price hike in some online news platforms, the NNPC said it has the full commitment of all downstream stakeholders including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.

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

The corporation noted that its downstream subsidiary companies namely the Petroleum Products Marketing Company (PPMC) and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the forthcoming yuletide.