This is coming on the heels of a warning against any increment issued by the Nigerian Labour Congress (NLC).

Ughamadu also said “The government and the NNPC had denied rumours of petrol price increase on several occasions. There is nothing of such for now. And assuming we are incurring losses, we have not complained. We have various roles to play in the country as supplier of last resort even when others are not supplying.

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“We are not complaining; and we will continue to ensure that our refineries produce at optimum capacity and support production with imports when necessary. There is no directive from the Federal Government to increase petrol price at the moment.”

The Nigerian National Petroleum Corporation (NNPC) is the state oil corporation which was established on April 1, 1977.