Nigerian National Petroleum
Corporation (NNPC) has debunked the report making the rounds online of an
impending review of pump prices of petroleum products, especially, Premium
Motor Spirit, PMS.
A statement made on Tuesday in
Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu
Ughamadu, affirmed that contrary to the misinformation in the social media, the
federal government has no plan to review prices of petroleum products either
downwards or upwards.
The statement reads: “The Federal
Government has no plan to review prices of white products either downwards or
upwards.
“Since October 2017, NNPC had
been the sole importer of petrol into the country as the Oil Marketing
Companies (OMCs) could not import due to the Open Market Price being much
higher than the N145/litre official selling price.
“Rumour mongers should be wary of
the impact their ignoble act could cause on prices of petroleum products
especially petrol as the festive period draws near.
“The fake news could lead to
artificial scarcity, hoarding of products by consumers which in turn might
result in unwarranted queues and suffering of Nigerians at fuel stations.”
The NNPC spokesman further urged
members of the public to report any station which sells petrol above the N145
recommended price to the offices of the Department of Petroleum Resources (DPR)
nationwide, saying the Department is authorised to monitor and regulate the
industry’s activities.
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