A Review of the Nigerian Energy Industry

NNPC affirms it has no plan to increase pump price of petrol

*Motorists queuing up to buy fuel at an NNPC Mega Station, Abuja.

Princewill Demian

07 January 2017, Sweetcrude, Abuja – The Nigerian National Petroleum Corporation (NNPC) has insisted that it has no plan to execute an increase in the pump price of Premium Motor Spirit (PMS), otherwise called petrol.

In a statement signed by the Group Managing Director, Public Affairs Division of NNPC, Mr. Ndu Ughamadu, the Corporation assured “motorists and other consumers of petroleum products that the pump price of petrol remains N143 per litre in NNPC Retail outlets and N145 in other fuel stations, while PMS ex-depot price of N133.28k per litre to marketers is still being maintained.”

It stated that “In the last few weeks, the corporation has increased its daily truck-outs of PMS per day to ensure petrol sufficiency across the states of the federation.

“Motorists and other consumers of petroleum products are assured that NNPC has a robust sufficiency of petroleum products to cater for their daily consumption.

“Marketers are hereby cautioned against hoarding or diversion, as law enforcement agencies have been enjoined to deal appropriately with defaulters.

“Again, NNPC affirms that it has no intention, whatsoever, to execute any increase in the pump price of petrol, as such the price of PMS stands at N143 per litre,” the statement noted.

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