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NNPC calls for calm as there is no plan to hike fuel price

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PEOPLE QUEUING FOR KEROSENE AT THE NNPC MEGA STATION ON OLUSEGUN OBASANJO WAY, CENTRAL BUSINESS DISTRICT IN ABUJA ON THURSDAY (18/8/11).

The Nigerian National Petroleum Corporation, NNPC, has called on Nigerians to remain calm as not resort to panic buying of petroleum products, as there will be no increase in  petrol prices during the festive period.

The NNPC, in a statement, said the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre have not changed. It further said that it has enough stock of fuel to ensure adequate supply and distribution of products across the country.

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The corporation enjoined motorists and other users of petroleum products to disregard rumours of an impending fuel price hike in some online news platforms, boasting full commitment of all downstream stakeholders, including petroleum marketers and industry unions in achieving zero fuel scarcity.

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

It promised that its downstream subsidiary companies; the Petroleum Products Marketing Company (PPMC) and NNPC Retail Limited, are fully geared up to ensure that motorists enjoy uninterrupted access to petrol nationwide.

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