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NNPC Says No Plan For Fresh Petrol Price Hike

Written by on August 15, 2023

There seems to be no respite for Nigerians after President Bola Tinubu announced the removal of petrol subsidy in his inaugural speech on May 29, 2023.

The Nigerian National Petroleum Company Limited (NNPCL) says it has no plan to raise the pump price per litre of Premium Motor Spirit also known as petrol.

In a terse statement on Monday night, the company urged Nigerians to disregard speculations of a fresh hike in price of the premium product.

The President of the Nigeria Labour Congress (NLC), Joe Ajaero, had on Monday, warned the NNPCL against fresh petrol price hike.

However, NNPCL Spokesman, Muhammad Garbadeen, said the company has no intention to increase petrol price for the third consecutive time since the removal of petrol subsidy.


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