Nigerian National Petroleum
Corporation (NNPC) stated that there
is no plan to increase the prices of
petroleum products both at the exdepot
level and pump price ahead of
the forthcoming yuletide.
This was part of a release yesterday in
Abuja following speculations that the
Corporation may hike the price of the
essential commodity in the Christmas
season.
The NNPC in a release informed that

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the ex-depot petrol price of N133.38
per litre and the pump price of N143/
N145 per litre have not changed noting
that the Corporation has enough stock
of fuel to ensure seamless supply and
distribution of products across the
country.
While enjoining motorists and
other users of petroleum products
to disregard trending rumours of an
impending fuel price hike in some
online news platforms, the NNPC
said it has the full commitment of all
downstream stakeholders including
petroleum marketers and industry

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unions to cooperate in achieving zero
fuel scarcity this season and beyond.
The NNPC enjoined motorists not
to engage in panic buying or indulge
in the dangerous practice of stocking
petroleum products in jerry cans at
home.
The Corporation noted that its
downstream subsidiary companies
namely the Petroleum Products
Marketing Company (PPMC) and
NNPC Retail Limited are fully
geared up to ensure that motorists
enjoy uninterrupted access to petrol
throughout the nation.

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