The Nigerian National Petroleum Corporation, NNPC has once again emphasised 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 in a release issued on Monday, said the former depot petrol price of 133.38 naira per litre and the pump price of 143/145 naira per litre have not changed. It noted that the Corporation has enough stock of fuel to ensure seamless supply and distribution of products across the country.
While enjoining motorists and other users of petroleum products to disregard rumours of an impending fuel price hike in some online news platforms, the NNPC said it has the full commitment of all downstream stakeholders including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.
The NNPC enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.