NNPCL denies reducing prices of petrol, diesel

The Nigerian National Petroleum Company (NNPC) Limited says
it has not adjusted the pump price of premium motor spirit (PMS), known as
petrol, across its retail outlets.

There have been speculations that NNPC had reduced the price
of petrol to N560 per litre — from N568.

The national oil company was also quoted as increasing the
price of diesel to N920 per litre.

In a statement on Wednesday, signed by Femi Soneye, NNPC’s
spokesperson, the firm denied the claims.

 “NNPC Limited wishes
to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS)
and Automotive Gas Oil (Diesel) at its retail stations nationwide,” the
statement reads.

“The company asserts that these reports are false and urges
Nigerians to disregard them entirely.

“NNPC Ltd reaffirms its commitment to sustaining the current
sufficiency in petroleum products supply across all its retail stations in the
country.

On February 9, the NNPC had said there would not be any
increase in the cost of petrol.