NNPC: No Fuel Price Increment In March
The Nigerian National Petroleum Corporation (NNPC) has denied reports of any increment in the price of Premium Motor Spirit (petrol) in the country in March 2021.
The NNPC disclosed this in a assertion signed on Sunday through the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru.
Obateru said that the Corporation wasn't contemplating any increase in the price of petrol in March so as now no longer to jeopardize ongoing engagements with the organised labour and different stakeholders on an acceptable framework that will not expose the ordinary Nigerian to any trouble.
The NNPC additionally counseled petroleum products marketers not to interact in arbitrary price increase or hoarding of petrol in order not to create artificial scarcity and unneeded hassle for Nigerians.
The Corporation additionally said that it has sufficient stock of petrol to maintain the country nicely provided for over forty days and therefore, urged motorists to keep away from panic buying.
It additionally called on relevant regulatory authorities to step up monitoring of the activities of marketers in an effort to sanctioning the ones worried in products hoarding or arbitrary rise of the pump price.