No Plans To Reduce Petrol Pump Price – NNPC

Following media reports which claimed that the NNPC was working towards the reduction of fuel pump price from N87 per litre to N57, the Nigerian National Petroleum Corporation (NNPC) has said that there was no plan to slash the pump price.

The Group General Manager of NNPC, Ohi Aligbe speaking with newsmen said that the rumour of the fuel price reduction is the handiwork of detractors, adding that the management is not contemplating price reduction at the moment.


The oil firm however advised the public to ignore such speculations, insisting that petrol price remains N87 per litre.

Meanwhile, as part of effort in ensuring that there are no queues at filling stations throughout the country, during the forthcoming yuletide season, and beyond, the Group Managing Director of the NNPC, Dr. Ibe Kachikwu and members of the Major Oil Marketers Association of Nigeria (MOMAN) alongside Depot and Petroleum Products Association (DAPPMA), held a joint meeting at NNPC Towers, Abuja.

Addressing the oil marketers at the meeting, Kachikwu stated that the issue of uninterrupted supply and distribution of petroleum products across the country is of utmost importance to the present administration.

Kachikwu said that the oil firm is doing everything within its power to ensure that members of the public have easy access to petroleum products particularly PMS.

Speaking on the outstanding payment to oil marketers, Kachikwu promised to work with other relevant Federal Government agencies to fast- track the payment.


He further promised to arrange for a meeting with the relevant creditors to ease pressure on marketers and extend the credit lines.

Chairman of DAPPMA, Dapo Abiodun, commended the NNPC for what he termed improved services at various PPMC product loading facilities and urged the new Management of the company to sustain the tempo.

Also, MOMAN Secretary General, Femi Olawore, commended Kachikwu for his support.

He assured the readiness of the marketers to work diligently with the Federal Government in ensuring zero fuel scarcity across the nation in the fast approaching yuletide and even beyond.

Olawore called on Kachikwu to facilitate the institution of a special committee to verify and authenticate the current national PMS consumption figure of 40 million litres per day.


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