The Nigeria National Petroleum Corporation (NNPC) has refuted reports and also assured Nigerians that there will be no increase in the price of petroleum during the Yuletide.
Despite the a rift between the Independent Marketers Association of Nigeria and the Depot and Petroleum Marketers Association over discrepancies in ex-depot prices of petroleum products.
The NNPC has assured in a statement, that the ex-depot petrol price of N133.38 per litre and pump price of N143/N145 per litre will not be altered.
It said there is sufficient stock of petroleum products to ensure ceaseless supply and distribution of products across the country during the festive period.
“The NNPC has the full commitment of all downstream stakeholders, including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond,” the statement read.
“We enjoin motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.
“The Petroleum Products Marketing Company and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation.’’
