The Nigerian National Petroleum Company Limited (NNPCL) says it has no intention to increase the pump price of Premium Motor Spirit (PMS), fondly called petrol.
There have been rumours about a potential increase in petrol pump prices across the country in the coming weeks.
Marketers had cited the depreciation of the naira against the United States dollar, coupled with the recent rise in global crude oil prices, as factors potentially leading to an impending hike in the pump price of petrol.
READ ALSO: NNPCL secures $3bn loan to stabilise naira
However, the NNPCL, in a statement shared on its X account on Friday, October 6, 2023, noted that it has no intention to increase the pump price of petrol, as widely speculated.
It stated: “Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated.
“Please buy the best-quality products at the most affordable prices at our NNPC Retail Stations nationwide.”
The Federal Capital Territory (FCT) High Court in Abuja has dismissed an application for bail…
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has reaffirmed Nigeria’s…
The Federal Capital Territory (FCT) High Court sitting in the Gwarinpa area of Abuja has…
Howard Hughes Holdings has agreed a deal to buy privately held specialty insurance firm Vantage…
An American travel content creator, Chris Joondeph, has expressed concern over the impact of newly…
The naira on Wednesday depreciated to N1,458.02 against the United States dollar in the Nigerian…
This website uses cookies.