The Nigerian National Petroleum Company Limited disputes any changes made to its fuel pricing model.
In a phone conversation with the New Telegraph, Olufemi Soneye, the Chief Corporate Communication Officer of NNPC Ltd., stated that suggestions of a fuel price increase are “fake news.”
According to him, NNPC Ltd. would have notified the public if there had been a price adjustment.
Soneye said,
According to a widely circulated rumor, NNPC Ltd. has mandated that all oil marketers in Nigeria modify the retail price of premium motor spirit (PMS) to a range of N488 to N557 per liter.
The report further read,
TimesNow.com.ng reported that the Nigerian National Petroleum Company Limited (NNPC) has assured Nigerians that it has over 1.5 billion litres of stock of premium motor spirit (PMS), also known as petrol, enough to serve the country for the next 30 days.
This was disclosed in a statement released on X (formerly Twitter) on Tuesday, May 7, 2024, and signed by Olufemi Soneye, the company’s chief corporate communications officer.
The NNPC also said that the long queues at filling stations nationwide will disappear as the supply and distribution of petrol continue to improve.
Source: TimesNow.com.ng
