NNPC Debunks Reports On PMS Price Increase

The Nigerian National Petroleum Corporation (NNPC) has reacted to reports that that pump price of premium motor spirit (PMS) may be increased soon.

Some online newspapers, not THE WHISTLER, had quoted the new Group Managing Director (GMD), Mele Kyari, as stating during a visit to Senate President Ahmed Lawan at the National Assembly complex, Abuja that “It is very difficult for the country to make the PMS available at N145.”

In a rebuttal statement, however, by the Group General Manager Group Public Affairs Divisio, Ndu Ughamadu, the corporation clarified that Kyari’s did not suggest any plan to increase the price of the product but rather noted that the product price in Nigeria compared to neighbouring West African countries extremely low.

According to Ughamadu, the NNPC boss highlighted this difference because the price gap between Nigeria and other nearby countries can give rise to cross-border smuggling.

This, according to Ughamadu, was why the NNPC boss sought the support of the leadership of NASS to curb the challenge of product smuggling.

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Following disclaimed rumour the oil company advised motorists and other petroleum products consumers to disregard the trending rumour and cautioned petroleum products marketers not to sell petrol above N145, per litre.

“The pump price of petrol remains N145 per litre,” the corporation confirmed

“Nigerians are advised to remain vigilant and volunteer information to the Department of Petroleum Resources (DPR), the Industry regulator, or to any law enforcement agency around them, on any station which sells petrol beyond N145 per litre.”

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