NNPC- No Plan of increasing petrol price

 

The Nigerian National Petroleum Corporation, NNPC, has assured Nigerians that it has no plan to increase the pump price of Premium Motor Spirit, PMS, also known as petrol.


   In a statement issued on Wednesday by the NNPC spokesman, Ndu Ughamadu, the Corporation explained that the recent increase in bridging allowance to transporters from 6.20 Naira to 7.20 Naira per litre will not affect the prevailing petrol price of 145 Naira per litre.

   According to the statement, the clarification was made in Abuja by the NNPC Chief Operating Officer, COO, in charge of Downstream Operations, Henry Ikem Obih.

   Obih said there was no plan by government or any of its agencies to review the pump price of petrol above 145 Naira per litre, adding that the rise in the bridging cost was achieved after an adjustment was made in the “lightering expenses” from Four Naira to Three Naira per litre, and the difference transferred to compensate for the cost of bridging within the same template.