NNPC Insists No Fuel Price Hike

The Nigerian National Petroleum Corporation, NNPC, has again assured Nigerians that there won’t be any hike in the price of Premium Motor Spirit, PMS, also known as petrol.

The NNPC, in a statement in Abuja, stated that the petroleum products has over 1.3 billion litres in stock, which is sufficient to serve the nation for more than 38 days. 

The statement read in parts “NNPC wishes to assure Nigerians that there is no iota of truth in the rumour that government is scheduled to adjust pump price of petrol. “

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Indeed, with the resumption of production by the corporation’s three refineries in Kaduna, Port Harcourt and Warri, complemented by imports, there is enough stock of PMS, Automotive Gas Oil, AGO, diesel and kerosene.”

Recall that Mr. Anibor Kragha, NNPC Chief Operating Officer of the Refineries on Tuesday briefed the Senate Committee on Petroleum Downstream on the current status of the refineries at the National Assembly Complex in Abuja.

Kragha said “The refineries are all running, they are producing and they are all fully re-streamed. We are ready to take Senators of this committee on a facility tour of all of them on a date that is convenient for the Senators to have a first-hand status of the refineries.”

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