The Nigerian National Petroleum Company (NNPC), Limited has reacted to speculations that it is nursing a plan to increase its pump prices.
Reports earlier emerged that the landing cost of the Premium Motor Spirit, popularly called petrol, jumped from N651/litre to N720/litre.
This fueled speculations that the pump price of the petroleum product may skyrocket in the next few days.
However, reacting to the report, the companyโs management, in a statement shared Friday on X, denied the report, saying there was no intention for any increment.
The statement reads, โDear 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.
โPlease buy the best-quality products at the most affordable prices at our NNPC Retail Stations nationwideโ.
