NNPC denies plans to hike fuel price

The management of the Nigerian National Petroleum Corporation, NNPC, has dismissed the rumours that the Federal Government has concluded plans to hike the price of Premium Motor Spirit (PMS) fuel, which has led to unnecessary build up of fuel queues in Abuja and other parts of the country.



The Corporation in a statement, yesterday, signed by the Group General Manager, Public Affairs Division of the Corporation, Dr. Levi Ajuonuma, disclosed that the NNPC had over 39 days sufficiency of PMS and other petroleum products in stock.
Ajuonuma described the rumoured hike in fuel price as baseless and unfounded and urged the petroleum tanker owners to release their trucks for loading of petroleum products at various depots and loading facilities in Lagos now that the elections have been rounded off across the country.
According to the statement, “the NNPC wishes to inform Nigerians that the rumoured hike in the price of PMS by the Federal Government is false and a mere figment of the imagination of detractors of the nation.
“The Corporation also urges petroleum tanker owners and drivers to resume loading of petroleum products in order to avoid any artificial scarcity of petroleum products as the Corporation has over 39 days of product sufficiency.”
The NNPC spokesman called on members of the public to desist from engaging in panic buying of PMS.
Meanwhile, for the third day running, long fuel queues have persisted in the Federal Capital Territory, Abuja and environs as motorists jostle for petrol at filling stations around the city.
Some of the filling stations visited by our correspondent in Abuja were closed, and motorists could be seen loitering in the hope the stations would be open for service.

• Facebook
• Twitter
• Linkedin
• Pinterest

Click to signup for FREE news updates, latest information and hottest gists everyday


Advertise on NigerianEye.com to reach thousands of our daily users

You Might Also Like

« PREV

NEXT »