nnpc-towers
NNPC towers, Abuja

The Nigerian National Petroleum Corporation (NNPC), has again debunked report that it  plans to hike the pump price of petrol.

Garba Deen Muhammad, Group General Manager, Group Public Affairs Division of the corporation made the denial in a statement issued to newsmen on Monday in Abuja.

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He said that the corporation is not empowered statutorily to tinker with the pricing template of petroleum products as erroneously reported in some national dailies.

The Corporation had on October 23 debunked the report that plans were in the offing to increase the pump price of fuel.

Price adjustment

The corporation’s spokesman said that NNPC filling stations’s decision to adjust the pump price of petrol from N141 to N145 per litre is still within the approved price band by PPPRA.

“The Corporation assures marketers and motorists of its readiness to continue to play its statutory role of being the supplier of last resort and ensuring energy security for the nation.

“The NNPC further confirms the availability of over 1.6 billion litres of PMS in-country that would last 45 days consumption.

“The NNPC management did not meet the President to push for a hike in the pump price of petrol to N150 per litre,” Muhammad said.

He advised journalists to always cross check their facts before going to press.