The Nigerian National Petroleum Company (NNPC) Limited says it has no plan to increase the pump price of Premium Motor Spirit (PMS) popularly known as petrol.
This development followed hints by oil marketers that the cost of petrol would rise to between N680/litre and N720/litre in the coming weeks if the dollar continued to trade between N910 and N950 at the parallel market.
The Nigeria Labour Congress, on Monday, also threatened that it will commence a nationwide strike if petrol sells above the current N617 per liter.
However, NNPC Limited Spokesperson, Muhammad Garbadeen, in a statement on Monday, restated that NNPCL is not increasing its petrol pump price.
“Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated.
Please buy the best quality products at the most affordable prices at our NNPC Retail Stations nationwide,” Garbadeen said.
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