We Did Not Direct Oil Marketers To Hike Petrol Price - NNPC

 

The Nigerian National Petroleum Company (NNPC) Limited has reacted to reports that it has increased petrol price.

 

NNPC through its spokesperson denied directing marketers to engage in an upward review of price and pump price of premium motor spirit (PMS), also known as petrol.

 

Recall that it was reported on Tuesday July 19, that the NNPC had in a notice to oil marketers, approved 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.

 

Reacting to this in an interview with TheCable, Garba Deen Muhammad, NNPC’s spokesperson said the oil firm does not function as a regulator and consequently does not set prices for petrol. 

 

He said; 

 

 

An oil marketer who preferred anonymity also told the publication that the claims in the circulated message were “false” and “mischievous” as nothing of such happened between the government and marketers.