Home Business We know nothing about fuel price increase – NNPC

We know nothing about fuel price increase – NNPC

2 min read
access bank

The Nigerian National Petroleum Company (NNPC) Limited has said that it has no hand in the decision of oil marketers to increase petrol pump price.

Reports on Monday evening claimed that NNPC issued a notice to oil marketers, approving an upward review in the pump price from N165 per litre to N179 per litre as well as the ex-depot price from N148.17 to N167 per litre.

But NNPC Limited clarified on Tuesday that it did not direct marketers or review the ex-depot price and pump price of Premium Motor Spirit (PMS), well known as petrol.

Although the Federal Government had insisted that the pump price of petrol remain N165 a litre, oil marketers said it is “not sustainable”.

Many filling stations had adjusted their pump prices.

But NNPC spokesman, Mallam Garba Deen Muhammad, told TheCable that the oil firm does not function as a regulator and consequently does not set prices for petrol. He added that the company had no idea about the issue — as it did not emanate from it.

He said: “he NNPC no longer approves pump price review. That is the work of the midstream and downstream authority. I have no idea. They are the ones that tell you what price regime the government has approved, not NNPC. NNPC has already exited all that situation. We are operating just like MTN now”.

An oil marketer said the claims in the circulated message were “false” and “mischievous” as nothing of such happened between the government and marketers.

Load More Related Articles
Load More By Contributor
Load More In Business


  1. dev.xxxcrunch.com

    3 March 2023 at 3:53 pm

    Howdy vdry cooll site!! Mann .. Beautiful .. Amwzing ..
    I’ll bookmark your blig and take the feeds additionally? I aam happy too sezrch out so many
    helful infco right herfe in thee submit, we want devslop extra
    techniqes inn tbis regard, thanks for sharing.
    . . . . .


  2. dev.xxxcrunch.com

    6 March 2023 at 10:20 am

    I’ve bren browsing online molre than 2 hous today, yeet I never foud anny interesting articlpe like yours.
    It’s preetty worrh enough foor me. In my opinion, iif alll sitee owaners annd bloggers made good cotent as youu did, the internet will be much more
    useeful thawn eger before.


  3. Roseann

    9 March 2023 at 4:52 am

    Thankss for shring such a fastidious thought, ppst is pleasant, thafs whhy i hhave rea iit entirely


  4. https://dev.xxxcrunch.com/top1747567511

    14 March 2023 at 2:29 pm

    I habe read so manhy content on thhe topic off the blogber lovers however
    thos post is actually a fastidious pice off writing, keep iit


  5. escape from sunny_vale

    15 March 2023 at 3:15 pm

    Pretty great post. I jjust srumbled upon your weblogg annd wwished to
    mentjon that I’ve truly loved surfkng arund your blog posts.
    After all I’ll bbe subscribing tto yourr feed andd I’m hopinhg youu writee oncee more soon!


  6. dev.xxxcrunch.com

    29 March 2023 at 12:57 am

    Fastidious reesponse in return off thos ifficulty wwith solid arguments
    andd expoaining all regaring that.


  7. Merrill

    29 March 2023 at 4:44 am

    Hi! I could have sworn I’ve beren tto thiks site befre buut aftedr checking tgrough some
    oof thee post I realize it’s new too me. Anyways, I’m definitely delkghted I found it and I’ll
    be book-marking and cchecking bback frequently!


Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Public morality: Nduka Obaigbena and his THISDAY/Arise News grandstanding

By Dele Alake and Bayo Onanuga It is laughably tragic that the Chairman and Editor-in-Chie…