Top Stories

FG: No plan to increase fuel price, NNPC has 34-day stock sufficiency

The Federal Government says it has no intention to increase the price of Premium Motor Spirit (PMS), otherwise known as petrol, during the festive period.

The General Manager, Corporate Communications, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Kimchi Apollo, said this through an advisory which addressed speculations on the increase in price and availability of petrol on Wednesday.

Many filling stations have since been dispensing fuel between N200 to N250 per litre in some parts of the country.

Apollo said the Nigerian National Petroleum Corporation Limited (NNPCL) had imported petrol with current stock levels sufficient for 34 days.

READ ALSO: Naira remains constant, exchanges at N445.30 to dollar

“Consequently, marketers and the general public are advised to avoid panic buying, diversion of products, and hoarding.

“In keeping with the Authority’s responsibilities as outlined in the Petroleum Industry Act (PIA), the Authority assures the public that it would continue to monitor the supply and distribution of petroleum products nationwide, especially during this holiday season,” he said.

The Star

Segun Ojo

Recent Posts

Bishop Odedeji: Jesus birth, most remarkable event in human history

The Anglican Bishop of the diocese of Lagos West The Rt. Rev James Olusola Odedeji…

3 hours ago

Christmas: Let’s be instruments of peace, Uba Sani urges Christians

Kaduna State Governor Uba Sani has felicitated Christians in the state, urging them and other…

11 hours ago

Zenith Bank, Int’l Breweries, NNPC, Others Shine at 2024 SERAS Awards

It was a night of glitz, glamour and celebration at the 18th edition of the…

23 hours ago

Tinubu felicitates Christians on Christmas, says Nigeria on path of restoration

President Bola Tinubu has felicitated Christians on Christmas celebration in the country, saying the nation…

23 hours ago

Uba Sani inaugurates 12 road projects on Xmas Eve

Governor Uba Sani has inaugurated 12 asphaltic roads  within Kaduna metropolis on Tuesday, 10 months…

1 day ago

Court sends oil magnate to prison for diverting $26m refinery fund

A Federal High Court sitting in Abuja has remanded the Founder and Chairman of Platform…

1 day ago

This website uses cookies.