Amid panic buying, NNPC says no plans to increase fuel price

The Nigeria National Petroleum Corporation (NNPC) has said there are no plans to increase the price of fuel products during this yuletide season.

The assurances are coming on the heels of panic buying by motorists in some parts of the country, especially Lagos and Abuja.

Motorists have been seen queuing at filling stations, struggling to get Premium Motor Spirit (PMS) also known as petrol, in some parts of the commercial city of Lagos.

Read Also : Following Gwarzo’s suspension, FG appoints Abdul Zubair acting DG of SEC

But the oil corporation said in tweet on its official handle on Monday, 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 informed, that “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 there is enough stock of fuel to ensure seamless supply and distribution of products across the country.

 

 

RipplesNigeria… without borders, without fears

Click here to join the Ripples Nigeria WhatsApp group for latest updates.

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now