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NNPCL clears air on alleged plan to increase petrol pump prices

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NNPCL clears air on alleged plan to increase petrol pump prices

By Naomisophyblog

The Nigerian National Petroleum Company, NNPC Limited has reacted to speculations that it is nursing a plan to increase its pump prices.

Reports earlier emerged that the landing cost of the Premium Motor Spirit, popularly called petrol, jumped from N651/litre to N720/litre.

This fueled speculations that the pump price of the petroleum product may skyrocket in the next few days.

However, reacting to the report, the companyā€™s management, in a statement shared Friday on X, denied the report, saying there was no intention for any increment.

The statement reads, ā€œDear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated.

Read Also:Full text of Lagos Police Commissioner on investigations into Mohbadā€™s death.

ā€œPlease buy the best-quality products at the most affordable prices at our NNPC Retail Stations nationwideā€.

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