Following the continuous appreciation of Naira against Dollar, the Nigerian National Petroleum Company, NNPC Limited has reacted to reports that it adjusted the pump price of premium motor spirit (PMS), known as petrol, across its retail outlets.
There have been speculations that NNPC had reduced the price of petrol to N560 per litre — from N568.
The national oil company was also quoted as increasing the price of diesel to N920 per litre.
The report attributed the purported price reduction to the recent appreciation of the naira.
DAILY GIST recalls that the nation’s currency embarked on a resurgence recently, gaining over ₦500 against the US dollar.
However, in a statement signed by Femi Soneye, NNPC’s spokesperson, the firm denied the claims.
The statement reads: “NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide,” the statement reads.
“The company asserts that these reports are false and urges Nigerians to disregard them entirely.
Soneye reaffirmed the NNPCL’s commitment to sustaining the current sufficiency in petroleum products nationwide
“NNPC Ltd reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country.
On February 9, the NNPC had said there would not be any increase in the cost of petrol.
