No Plans to Hike Fuel Pump Price – NNPC

Again the management of the Nigerian National Petroleum Corporation (NNPC) has assured motorists that there was no plan to increase the pump price of the Petroleum Motor Spirit (PMS), more popularly known as fuel. The Corporation gave the assurance in response to the rumours of planned increase in the pump price of fuel, which was causing panic buying in by motorists.
Also, the Corporation, in a statement from the Group General Manager, Group Public Affairs Division, Ndu Ughamadu, caution motorists against the panic buying of its products.
The Corporation stated that it has enough product that would last for 38 days, even as the Corporation’s refineries were producing products on daily bases.
The statement from Ughamadu reads in part: “The Nigerian National Petroleum Corporation wishes to enjoin motorists in Abuja and its environs, and indeed the federation, not to engage in any panic buying of petroleum products.
“The assures motorists that the Corporation has 1.3billion litres stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 38 days.”
According to the Corporation: “This plea comes on the heels of reports that some motorists have begun panic buying of petrol, following rumours that the government is about to increase the pump price of the white product from N145 per litre.
“NNPC wishes to assure Nigerians that there is no iota of truth in the rumour that government is scheduled to adjust pump price of petrol.
“Indeed, with the resumption of production by the Corporation’s three refineries in Kaduna, Port Harcourt and Warri, complemented by imports, there is enough stock of PMS, Automotive Gas Oil (AGO), diesel and kerosene.”
  Read more at: NewTelegraph


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