NNPC Denies Plan To Increase Price Of Fuel
The Nigerian National Petroleum Corporation (NNPC) says it has no plan to review pump prices of petroleum products, especially Premium Motor Spirit (PMS), popularly known as petrol.
The Corporation in a statementby its spokesman, Mr Ndu Ughamadu, in Abuja, on Tuesday said the Federal Government has no plan to review prices of white products either downwards or upwards,’’ he said.
He cautioned those spreading falsehood to be wary of the impacts their ignoble act could cause on prices of petroleum products especially as the festive period draws near.
According to him, if not checked, the insinuation of unsubstantiated price review can lead to artificial scarcity and hoarding of products by consumers.
Ughamadu urged members of the public to report any station that sells PMS above the N145 recommended price to the offices of the Department of Petroleum Resources (DPR) nationwide.