The Nigerian National Petroleum Corporation, NNPC says it has no plan to review pump prices of petroleum products, especially Premium Motor Spirit (PMS), popularly known as petrol.
The Corporation’s spokesman, Mr. Ndu Ughamadu, in Abuja today said that although the NNPC, since October 2017, has been the sole importer of PMS into the country, government has no plan to review the market prices of products either upwards or downwards now.
He cautioned those spreading falsehood to be wary of the impacts their ignoble act could cause on prices of petroleum products especially petrol as the festive period draws near. According to him, if not checked, the insinuation of unsubstantiated price review can lead to artificial scarcity and hoarding of products by consumers.
Ughamadu urged members of the public to report any station that sells PMS above the one hundred and forty-five naira recommended price to the offices of the Department of Petroleum Resources nationwide. He reiterated the recent statement of the NNPC Group Managing Director, Dr Maikanti Baru, that the corporation has thirty-seven days stock of PMS in the country.
He added that the corporation has mapped out strategies to ensure that Nigerians have a hitch-free festive period.