NNPCL Says It Has No Plan to Hike Petrol Price

Nigerian National Petroleum Company Limited (NNPCL) says it has no plan to hike petrol price.

The company asked members to ignore report of plant to raise the price of a liter of petrol from N650 to N1,200.

A national daily on Wednesday reported of a clash between NNPCL and marketers over the proposed new price, due to the continued sharp drop in the exchange rate of the naira.

NNPCL’s Communication Officer, Olufemi Soneye, in a statement on Wednesday said there is no plan to raise the pump price of petrol.

He also said that NNPCL is not in dispute with the marketers over the price of petrol.

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As far as the independent marketers are concerned, we don’t have plans or plans to increase fuel pump price, he said on Thursday.

There is no basis for that for now. There is no signal from NNPC that we should increase. So, we cannot do that on our own except NNPC comes out and says we are going to increase pump price. On our own, there is nothing like that.

I want to use this opportunity to appeal to the public to stop panic buying. There is nothing like that (fuel price increment). It is just a rumour.

Earlier, the NNPCL told Nigerians not to panic, assuring them that there is no increment in the price of the commodity.