No plans to increase fuel price – NNPC

No plans to increase fuel price – NNPC

The Nigerian National Petroleum Corporation (NNPC) has stated that it has no plans to raise the country’s fuel prices. Garba Deen Muhammad, a spokesman for the Nigerian National Petroleum Corporation (NNPC), said in a statement that Nigerians should not be concerned about gasoline scarcity throughout the festive season and beyond because there are over 1.7 billion gallons of petrol in storage.
“The general public is hereby cautioned not to purchase Premium Motor Spirit, more commonly known as gasoline, in a panic.”
“The NNPC has over 1.7 billion litres of petrol in stock and more product is expected to arrive into the country daily over the coming weeks and months” The NNPC also said it is not aware of any plan by government to cause an increase in the pump price of petroleum.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in its statement, also said;  “In view of these assurances therefore, the NNPC is advising motorists and other consumers of petrol to maintain their regular pattern of the purchase of petrol without getting into a panic situation that may send the wrong signals around the country.
“The NNPC is also engaging all stakeholders to ensure smooth supply and distribution of products to every part of the country during the festive season and beyond.”

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