[ad_1]
The Nigerian Nationwide Petroleum Firm Restricted (NNPC Ltd) has mentioned there isn’t any imminent improve in the price of petrol.
A press release by Olufemi Soneye, the chief company communications officer of the corporate, additionally cautioned motorists towards panic-buying.
The response got here amidst a report that the corporate on Tuesday clashed with petroleum entrepreneurs below the aegis of the Unbiased Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) over the elimination of subsidy on petrol.
The report famous that petrol will now price N1,200 per litre because of the cessation of under-recovery of gasoline prices.
PUNCH mentioned oil entrepreneurs claimed that subsidy on petrol had elevated, following the crash of the naira towards the USA greenback.
The report quoted the Nationwide Public Relations Officer, Unbiased Petroleum Entrepreneurs Affiliation of Nigeria, Ukadike Chinedu, as saying that subsidy on petrol was rising and that the price of the commodity needs to be round N1,200/litre in a free market.
However in its response, earlier on Wednesday, NNPC Ltd mentioned it didn’t conflict with petroleum entrepreneurs over the elimination of petrol subsidies.
Once more in an announcement Wednesday night, the corporate urged Nigerians to ignore unfounded rumours and guaranteed that there aren’t any plans for an upward overview of the petrol value.
“The Nigerian Nationwide Petroleum Firm Restricted (NNPC Ltd) assures the general public that there isn’t any imminent improve in the price of Premium Motor Spirit (PMS), generally generally known as petrol.
“NNPC Ltd urges Nigerians to ignore unfounded rumours and assures them that there aren’t any plans for an upward overview of the PMS value.
“Motorists nationwide are suggested towards partaking in panic shopping for, as there’s presently ample availability of PMS throughout the nation,” Mr Soneye mentioned within the assertion.
Assist PREMIUM TIMES’ journalism of integrity and credibility
Good journalism prices some huge cash. But solely good journalism can guarantee the potential of a superb society, an accountable democracy, and a clear authorities.
For continued free entry to one of the best investigative journalism within the nation we ask you to contemplate making a modest help to this noble endeavour.
By contributing to PREMIUM TIMES, you might be serving to to maintain a journalism of relevance and making certain it stays free and accessible to all.
Donate
TEXT AD: Name Willie – +2348098788999
[ad_2]
Source link
