NNPC denies reviewing depot price of petrol

The Nigerian National Petroleum Company (NNPC) Limited has dismissed report that it reviewed prices of premium motor spirit (PMS) also called petrol at depots.

NNPC Ltd in a statement shared via its social media channels on Sunday advised the public and relevant stakeholders to disregard the information.

According to the Company, “It has come to the attention of the NNPC Ltd that the Company has reviewed ex-coastal, ex-depot and NNPC Retail prices. This is not true.

“It is fake news obviously concocted to cause confusion and to undermine the progressive drive of the NNPC to restore normalcy to the market.

“The general public and in particular industry operators at all levels should disregard this mischievous act of misinformation.

“NNPC Ltd remains focused and determined to reposition itself to provide value to its shareholders, while meeting its statutory obligation as provider of energy security for our country.”