Petroleum corporation denies fuel price hike

Petroleum corporation denies fuel price hike

The management of Nigerian National Petroleum
Corporation (NNPC) has said there are sufficient petroleum products in the
country.

The Group General Manager, Public Affairs
Division of NNPC Levi Ajuonuma, said in a statement in Abuja on Monday said:
“NNPC has well over 39 days sufficiency of PMS and other Petroleum products in
stock.”

The statement urged petroleum tanker owners to
release their trucks for the loading of products at various depots. “The NNPC
wishes to inform Nigerians that the rumoured hike in the price of PMS by the
federal government is false and a mere figment of the imagination of detractors
of the nation.

“The corporation also urges petroleum tanker
owners and drivers to resume loading of petroleum products in order to avoid
any artificial scarcity of the products,” the statement added.

It advised the public to desist from engaging in
panic buying of products as the corporation worked hard to end the artificial
scarcity created by the rumour. Following the fear created by the rumour, long
queues have re-emerged at filling stations around the country.

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