The Nigerian National Petroleum Company Limited (NNPCL) has unequivocally stated that there are no imminent plans to raise the retail price of petroleum.
The oil firm released an official statement through its Twitter account on Monday night to address recent speculations.
Contrary to media reports suggesting an impending increase from the current N617 per litre to a range of N720 to N750 per litre in the upcoming weeks, NNPCL categorically refuted these claims.
The company’s announcement firmly clarifies its stance, asserting that it remains committed to maintaining the existing petrol pump prices.
“Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our petrol motor spirit (PMS) pump prices as widely speculated.
“Please buy the best quality products at the most affordable prices at our NNPC Retail stations nationwide,” the NNPCL said.