No Petrol Price Hike, Supply Steady – NNPC

No Petrol Price Hike, Supply Steady – NNPC

The Nigerian National Petroleum Corporation on Thursday said it had not increased the ex-depot price of Premium Motor Spirit, popularly known as petrol. It also stated that there was enough product to keep the country wet till the end of this year and beyond.

The NNPC stated this following threats by the Lagos chapter of the Independent Petroleum Marketers Association of Nigeria to withdraw its services in Lagos and its environs over alleged discrepancies in the ex-depot price of petrol, among others.

In a statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, the corporation said the Ejigbo Satellite Depot was fully stocked and carrying out regular loading services.

It stated that the appropriate government agencies had been contacted to settle the rift between IPMAN and the Depot and Petroleum Products Marketers Association.


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