NNPC Denies Plan to Increase Prices of Petroleum Products

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Mr Ndu Ughamadu, General Manager, Group Public Affairs Division of the Nigerian National Petroleum Corporation (NNPC) has declared that there is no plan to increase prices of petroleum products.

Ughamadu in a statement released on Monday said the ex-depot petrol price and pump price will remain the same.

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

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 corporation added that its downstream subsidiary companies — the Petroleum Products Marketing Company (PPMC) and NNPC Retail Limited — are “fully geared up” to ensure that motorists enjoy adequate supply of petrol throughout the country.

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