The state-owned oil company, NNPC has played down reports that the government is prepared to increase the price of petrol.
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The Nigerian National Petroleum Corporation on Wednesday said it
was not true that the Federal Government was planning to increase the
pump price of Premium Motor Spirit, popularly known as petrol, according
to the Punch.
It stated that such claims were mere rumours and urged motorists in
the country not to engage in any panic buying of petroleum products.
The NNPC assured motorists that it had 1.3 billion litres of PMS in
stock, which it said was sufficient to serve the nation for more than
38 days.
In a statement issued in Abuja, the corporation stated, “This
plea comes on the heels of reports that some motorists have begun panic
buying of petrol following rumours that the government is about to
increase the pump price of the white product from N145 per litre.
“The NNPC wishes to assure Nigerians that there is no iota of
truth in the rumour that the government is scheduled to adjust the pump
price of petrol.
“Indeed, with the resumption of production by the corporation’s
three refineries in Kaduna, Port Harcourt and Warri, complemented by
imports, there is enough stock of PMS, Automotive Gas Oil, diesel and
kerosene.”
This, it said, was explained on Tuesday by the refineries’ Chief
Operating Officer, Mr. Anibor Kragha, while briefing the Senate
Committee on Petroleum Downstream on the current status of the
refineries at the National Assembly Complex in Abuja.
In the presentation, Kragha told the legislators that the nation’s
three refineries produced 4.6 million litres of kerosene and 7.7 million
litres of diesel, in addition to millions of litres of petrol being
refined daily.
“The assurances of availability of stock by the NNPC chief operating officer of the refineries on Tuesday still stand,” the national oil firm said.
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