The Nigerian National Petroleum Corporation (NNPC) has advised Nigerians to stop panic buying of petroleum products, emphatically stating that there are no plans to increase the price of the products. Ndu Ughamadu, spokesman of the corporation, said the corporation had a 1.3billion litres stock of premium motor spirit (PMS), otherwise called petrol, which is sufficient […]
Continue ReadingThe Nigerian National Petroleum Corporation (NNPC) has again debunked report of plans to increase the pump price of petrol. Mr Garba Deen Muhammad, Group General Manager, Group Public Affairs Division of NNPC said on Monday NNPC was not empowered to increase prices of fuel. The corporation, he said, was not empowered statutorily to tinker with […]
Continue ReadingThe Federal Government, weekend, said it would undertake a review of the pricing template for Premium Motor Spirit, PMS, also known as petrol, to forestall a further increase in the price of the commodity. Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, stated this during a grand award ceremony organised by the Petroleum Products […]
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