No More Increase In Fuel Pump Price – NNPC Makes Statement.
There won’ t be any more increases in the price of Premium Motor Spirit (PMS), better known as petrol, at the pump anyplace in Nigeria, according to President Bola Tinubu.
The Nigerian National Petroleum Company (NNPC) Limited previously told newsmen that it does not aim to raise the price of petrol at the pump, contrary to popular belief. This was revealed by NNPCL in a statement published on its social media accounts on Monday.
” Dear valued consumers, we at NNPC Retail appreciate your business and would want to clarify that, contrary to popular belief, we do not intend to raise the price of our PMS pumps. ” At our NNPC Retail Stations around the country, please purchase the highest caliber goods at the most reasonable costs, it urged.
The market has been deregulated and will remain so, according to Ajuri Ngelale, Special Advisor to the President on Media and Publicity, on Tuesday.
He clarified that in order to keep prices stable without changing the administration’ s strategy in the petroleum industry, the government will address the inefficiencies within the midstream and downstream petroleum subsectors. The reactions coincide with rumors that fuel pump costs may increase.
The Nigeria Labour Congress (NLC) has warned to call a statewide strike if the current N617 per liter pump price of gasoline is increased further.
Its promised to continue with the complete, all-encompassing and indefinite nationwide strike said NLC President Joe Ajaero during a meeting in Abuja.
If the dollar State at it’s current parralle market rate of N910 to N950, oil marketers predict that the price of fuel will increase between N680 to N720 per liter in the upcoming weeks.
Additionally, the lact of availability of foreign currency is forcing dealers who wanted to import petroleum products to postpone plans
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