Following the widespread rumor that the Federal Government has perfected plans to increase the pump price of Premium Motor Spirit (PMS), the Nigerian National Petroleum Corporation (NNPC) has refuted such claims. It added that the ex-depot price of Premium Motor Spirit (PMS) also known as petrol remains N133.28 per liter.
Ndu Ughamadu, the NNPC Group Spokesman, gave the assurance while speaking with NAN in Abuja. He urged Nigerians to ignore rumors that pump price will soon increase.
“The ex-depot price of PMS remains N133.28 per liter as at today and this is according to the Petroleum Products Pricing Regulatory Agency (PPPRA) template.
“NNPC remains the sole importer of the product and we have not increased the price we sell to marketers.
“There is no plan to increase pump price, Nigerians should know that,” he said.
Ughamadu, added that the corporation over the weekend had strengthened the partnership with Major Oil Marketer Association of Nigeria (MOMAN) to ensure an adequate supply of products in the country.
“We also told them not to increase the price but if they engage in that, it is illegal and we have instructed the Department of Petroleum Resources (DPR) to sanction them.”
