NNPC Dismisses Rumoured Upward Review Of Petrol Price

The Spokesman of the Nigerian National Petroleum Corporation (NNPC), Dr. Kennie Obateru, has dismissed rumours that the corporation is planning an imminent upward review of the petrol price.

Obateru made this known on Tuesday to The Nation while reacting to rumours that the federal government is planning to increase the pump price in February.

He said, “NNPC has not increased its ex-depot price. I am certain that NNPC is not likely to increase its ex-depot price in February.”

According to him, NNPC has a stock of petrol that can last over 40 days and allayed fears about scarcity of the product in some parts of the country.

Obateru urged the Department of Petroleum Resources (DPR) to clampdown on the marketers that are hoarding petrol.

“We have sufficiency for almost forty-something days. If people are hoarding or increasing their prices that one is for the DPR to look into,” he said.





Culled from The Nation

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected

- Advertisement -

Latest Articles