4.3 C
New York
Saturday, November 9, 2024
HomeBusinessNNPCL Speaks On Fuel Price Increase Across Nigeria

NNPCL Speaks On Fuel Price Increase Across Nigeria

The Nigerian National Petroleum Company Limited (NNPCL) has denied rumours of a new increase in Premium Motor Spirit (PMS) prices across its retail outlets.

Olufemi Soneye, NNPCL’s spokesperson, clarified in an interview with Daily Post on Tuesday that he is unaware of any hike in fuel pump prices, countering speculation that the cost per litre had risen from ₦1,030 to ₦1,060 in Abuja.

“There is no increase in gasoline price that I am aware of,” Soneye affirmed, dispelling concerns of another price adjustment by the state-owned oil company.

Echoing this stance, Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), confirmed that the NNPCL’s ex-depot price remains unchanged.

Advertisements

He stated on Tuesday, “For independent marketers, we have experienced a fresh price hike as I am speaking with you. NNPCL still sells to us at the same price.

Advertisements
Advertisements

“For Port Harcourt, it is ₦1040 per litre; Abuja and Lagos are around ₦990 per litre.”

The clarification comes amidst report that the administration of President Bola Tinubu, through the Nigerian National Petroleum Company Limited (NNPCL), has raised the pump price of petrol.

News360 Info reports that the revised prices mean residents in Lagos and Abuja will now pay ₦1,025 and ₦1,060 per litre, respectively.

Advertisements

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Recent Comments

Onuegbu Chuks Theophilus on Mikel Obi quits Super Eagles
Thomas H. Anderson on Roman Goddess_3
Oladimeji Emmanuel on Obama sends investors to Buhari