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NNPC denies plan to increase prices of petroleum products

NNPC denies plan to increase prices of petroleum products”

In the statement issued by Ndu Ughamadu, its general manager, group public affairs division, the corporation said the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre remains the same.

Anxious about the implications of fuel queues at this time of the year, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, on Monday ordered the Nigerian National Petroleum Corporation (NNPC) to release all products on storage to cover for the current shortfalls that might have precipitated the resurgence of fuel queues.

The Nigeria National Petroleum Corporation (NNPC) has said there are no plans to increase the price of fuel products during this yuletide season.

He said the corporation has enough fuel in stock to distribute across the country.

A survey by New Telegraph, yesterday, showed that queues have surfaced in some parts of Lagos and Ogun States.

"Awkward" could well describe how Dr. Maikanti Baru, the Group Managing Director, Nigerian National Petroleum Corporation (NNPC), felt on Tuesday having deserted his "Forbes Oil & Gas Man of the Year Award 2017" in London as fuel queues return to Abuja. But majority of filling stations in Lagos and environs were dispensing while scanty queues were noticed in few others.

But queues surfaced in most petrol stations in the cities as motorist engaged in panic buying.

"The trucks have started loading the products and we hope by tomorrow when the commodity would have reached the filling stations, the problem will be over", he said.

"Officials of the DPR have embarked on sustained monitoring and surveillance and any marketer found wanting will face necessary sanctions, " Makera said.

Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation.



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