The Nigerian National Petroleum Corporation (NNPC) has debunked the trending fake news of an impending review of pump prices of petroleum products, especially Premium Motor Spirit (PMS), called petrol.
A release today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, affirmed that contrary to the misinformation in the social media, the Federal Government has no plan to review prices of white products either downwards or upwards.
Ughamadu said since October, 2017, NNPC had been the sole importer of PMS into the country as the Oil Marketing Companies (OMCs) could not import due to the Open Market Price being much higher than the N145/litre official selling price.
Government, he said, has no plan to review the market prices of products either upwards or downwards now.
Ughamadu cautioned rumour mongers to be wary of the impact their ignoble act could cause on prices of petroleum products especially petrol as…
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