The Nigerian National Petroleum Company Limited (NNPCL) has swiftly denied rumors of a fuel price increase across its retail outlets.
This clarification comes on the heels of speculation that the cost per liter had risen from ₦1,030 to ₦1,060 in Abuja.
Olufemi Soneye, NNPCL’s spokesperson, emphasized in an interview with Daily Post, “There is no increase in gasoline price that I am aware of.” This statement reassures the public that the state-owned oil company has not adjusted fuel prices.
Chinedu Ukadike, spokesperson for the Independent Petroleum Marketers Association of Nigeria (IPMAN), corroborated NNPCL’s stance. “For independent marketers, we have experienced a fresh price hike… NNPCL still sells to us at the same price.” Ukadike specified that the ex-depot prices remain unchanged: ₦1040 per liter in Port Harcourt and ₦990 per liter in Abuja and Lagos.
Despite NNPCL’s denial, reports suggest that the administration of President Bola Tinubu has increased the pump price of petrol. According to newsmen, revised prices would mean residents in Lagos and Abuja would pay ₦1,025 and ₦1,060 per liter, respectively.
The NNPCL’s prompt denial aims to alleviate public concerns and maintain transparency in the oil industry.
