Business
NNPCL clears air on fuel price hike
Published
10 months agoon
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The Nigerian National Petroleum Company, NNPC Limited, has reacted to speculation that it is nursing a plan to increase its pump prices.
Reports earlier emerged that the landing cost of the Premium Motor Spirit, popularly called petrol, jumped from N651/litre to N720/litre.
This fueled speculation that the pump price of the petroleum product may skyrocket in the next few days.
However, reacting to the report, the company’s management, in a statement shared Friday on X, denied the report, saying there was no intention for any increment.
The statement reads, “Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated.
“Please buy the best-quality products at the most affordable prices at our NNPC retail stations nationwide”.
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