Nigerian National Petroleum Company Limited, NNPCL, has reacted to the widespread concern of a possible hike in the pump price of Premium Motor Spirit, popularly called petrol.
Gatekeepers News reports that the NNPCL, said it had no intention to increase the pump price of petrol.
The company disclosed this in a statement made available on its official X (formerly Twitter) handle around 11:48pm on Monday.
The national oil firm and major importer of petrol said, “Dear esteemed customers, we at NNPCL 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 NNPCL Retail stations nationwide.”
The NNPCL Retail is the downstream subsidiary of NNPCL that retails refined petroleum products for the group.
On Sunday, oil marketers indicated that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks should the dollar continue to trade from N910 to N950 at the parallel market.
They further hinted that dealers seeking to import PMS were being forced to put the plans on hold due to the scarcity of foreign exchange to import the commodity.
The warning came barely one week after the naira crossed N900/dollar, selling at over 945/dollar at the parallel market as of Friday.
Meanwhile, the Nigeria Labour Congress on Monday threatened to commence a nationwide strike.
The NLC President, Joe Ajaero, further urged the Federal Government to stop the falling value of the naira.
