The Nigerian National Petroleum Company Limited (NNPC Ltd.) has denied the rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail outlets nationwide.
Chief Corporate Communications Officer, NNPC Ltd., Mr Olufemi Soneye, said in a statement on Wednesday that the reports were false.
There were reports in some sections of the media on Monday that the ex-depot price for PMS had reduced from N640 to N630 for the independent oil marketers, while NNPC Ltd. maintained its N570 price.
The N630 new ex-depot price for independent marketers is just one percent reduction following decision by the NNPC Ltd. to give products directly to the marketers while maintaining its N570 ex-depot price.
This was against the former arrangement where the independent marketers got supplies from private depots.
The development provoked reactions from Nigerians who assumed that NNPC Ltd. had reduced pump prices at their retail outlets from N617 to N570.
Soneye, however, urged Nigerians to disregard the reports in entirety.
He reaffirmed its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country.
