Petrol: Pump Price is N145 – NNPC

Abiodun Oba    |

The Federal Government has no plan to review prices of white products either downwards or upwards.

The Nigerian National Petroleum Corporation (NNPC) in a release in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, affirmed that pump price of Premium Motor Spirit (PMS), called petrol remains N145 contrary to the misinformation in the social media.

The GGM said the Federal Government has no plan to review prices of white products either downwards or upwards.

Ughamadu said since October, 2017, NNPC had been the sole importer of PMS into the country as the Oil Marketing Companies (OMCs) could not import due to the Open Market Price being much higher than the N145/litre official selling price.

Ughamadu cautioned rumour mongers to be wary of the impact their ignoble act could cause on prices of petroleum products especially petrol as the festive period draws near.

He said the fake news can lead to artificial scarcity, hoarding of products by consumers which in turn may result in unwarranted queues and suffering of Nigerians at fuel stations.

The NNPC spokesman disclosed that members of the public should report any station that sells PMS above the N145 recommended price to the offices of the Department of Petroleum Resources (DPR) nationwide, saying the Department is authorised to monitor and regulate the Industry’s activities.

Ughamadu reiterated the recent statement of the NNPC GMD, Dr. Maikanti Baru, that the corporation had 37 days stock of PMS subsists, stressing that the NNPC’s helmsman has mapped out strategies to ensure that Nigerians have a hitch-free festive period.

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