The Nigeria National Petroleum Corporation, NNPC, has denied having plans to increase petrol price above N145. It stated that the price remains at that level because ex-depot price of Premium Motor Spirit (PMS) also known as petrol remains N133.28 per litre.
This was made known by Ndu Ughamadu, the NNPC Group Spokesman, in an interview with the News Agency of Nigeria (NAN), in Abuja on Tuesday.
“The ex-depot price of PMS remains N133.28 per litre as at today and this is according to the Petroleum Products Pricing Regulatory Agency (PPPRA) template.
“NNPC remains the sole importer of the product and we have not increased the price we sell to marketer.
“There is no plan to increase pump price, Nigerians should know that,” he said.
According to him, NNPC had robust stock pile of products that would last the country for several days. He added that Nigerians should desist from panic buying.
Speaking about the corporations strengthened partnership with Major Oil Marketer Association of Nigeria (MOMAN) to ensure adequate supply of products in the country, he said:
“We also told them not to increase price but if they engage in that, it is illegal and we have instructed the Department of Petroleum Resources (DPR) to sanction them.