NNPCL Speaks On Alleged Fresh Fuel Price Hike

The Spokesperson of Nigerian National Petroleum Company Limited, Olufemi Soneye, said he is not aware of any fresh Premium Motor Spirit pump price increase across its retail outlets.

Soneye told DAILY POST in an exclusive interview on Tuesday.

Soneye comment comes amid speculation that NNPCL had increased fuel pump to from N1,030 per litre to N1060 in Abuja.

However, the state-owned oil firm spokesperson, Soneye, said, “There is no increase in gasoline price that I am aware of.”.

READ ALSO: Lessons Nigeria Can Learn From U.S. Elections – UNILAG VC

Similarly, the spokesperson of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, said NNPCL’s ex-depot price has not changed.

“For independent marketers, we have experienced a fresh price hike as I am speaking with you. NNPCL still sells to us at the same price.

“For Port Harcourt, it is N1040 per litre; Abuja and Lagos are around N990 per litre,” he said.

Earlier, the President of Dangote Group, Aliko Dangote, said petroleum marketers are ignoring its refinery’s 500 million litres of fuel.

Recall that on 9 October 2024, NNPCL had increased its petrol price to N1030 per litre.