No Plan To Increase Fuel Price – NNPC

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(FILES) In a file picture taken on February 28, 2012 a motorist refuels at a gas pump in the northern city of Lille. French Prime Minister Jean-Marc Ayrault promised on August 22, 2012 a modest and temporary cut to the taxes on petrol and diesel in order to reduce pump prices for drivers. AFP PHOTO / PHILIPPE HUGUENPHILIPPE HUGUEN/AFP/GettyImages

By CHIKA IZUORA, Lagos –

The Nigerian National Petroleum Corporation (NNPC) has once again emphasised that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.

The NNPC in a release said the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre have not changed noting that the Corporation has enough stock of fuel to ensure seamless supply and distribution of products across the country.

While enjoining motorists and other users of petroleum products to disregard rumours of an impending fuel price hike in some online news platforms, the NNPC said it has the full commitment of all downstream stakeholders including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.

The NNPC enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.

The Corporation noted that its downstream subsidiary companies namely the Petroleum Products Marketing Company (PPMC) and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation.