Corporation says there’s no plan to increase fuel, kerosene price

December 4, 2017 1:02 PM

The NNPC says motorists should not engage in panic buying as there won't be a hike in prices of petroleum products.

The Nigerian National Petroleum Corporation (NNPC) says there are no plans to increase the prices of petroleum products this yuletide season.

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This was contained in a statement by the group general manager, public affairs division, Ndu Ughamadu on Monday, December 4, 2017.

Ughamadu noted that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre remains same.

The NNPC also assured Nigerians that the corporation has enough stock of fuel to ensure seamless supply and distribution of products across the country.

The corporation expressed the commitment of all downstream stakeholders including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.

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The NNPC enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.

The group called on motorists and other users of petroleum products to disregard trending rumours of an impending fuel price hike in some online news platforms.