NNPC Denies Increasing Petrol by N30/litre as Marketers Quote Real Price in Lagos, Abuja
- NNPC spokesperson has denied increasing the price of petrol at any of its retail locations across the country
- The oil company's reaction followed reports that it raised the price of fuel pumps in Abuja by N30 per litre
- Similarly, the spokesperson for the Independent Petroleum Marketers Association of Nigeria said petrol price remains unchanged
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Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
Olufemi Soneye, the spokesperson for Nigerian National Petroleum Company Limited, stated that he is not aware of any recent increase in the price of Premium Motor Spirit pumps at any of its retail locations.
Source: UGC
Soneye stated this in an interview with DAILY POST on Tuesday, October 29 2024.
Legit.ng earlier reported a recent hike in the pump price of petrol, marking the third time in 60 days.
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President of the Dangote Industries, Aliko Dangote, blamed the continued petrol shortages and long queues at filling stations across Nigeria on the inability of marketers to lift products from his $20 billion refinery.
Speaking in Abuja on Tuesday, October 29, 2024, Dangote said the refinery’s capacity can meet Nigeria’s petrol needs. He called on oil marketers to move to ease the current petrol scarcity.
NNPC reacts
Soneye, a spokesman for the state-owned oil company, asserted that he was unaware of any rise in the price of gasoline.
In the same vein, Chinedu Ukadike, the spokesperson for the Independent Petroleum Marketers Association of Nigeria, said the ex-depot price of NNPCL has remained unchanged.
“For independent marketers, we have experienced a fresh price hike as I am speaking with you. NNPCL still sells to us at the same price.
“For Port Harcourt, it is N1040 per litre; Abuja and Lagos are around N990 per litre,” Ukadike told DAILY POST on Tuesday.
Aliko Dangote, the president of the Dangote Group, had earlier claimed that petroleum marketers were disregarding the 500 million liters of fuel produced by its refinery.
Earlier, the NNPCL raised the price of gasoline to N1030 per liter on October 9, 2024.
World Bank faults NNPC’s report
Legit.ng previously reported that the World Bank highlighted inconsistencies and a lack of essential information in the Nigerian National Petroleum Company Limited’s (NNPCL) submissions to the Federal Account Allocation Committee (FAAC).
This disclosure was made in the World Bank’s Accelerating Resource Mobilization Reforms (ARMOR) report, published on May 17, 2024, as reported by ChannelsTV.
The World Bank claimed that in addition to lower net oil revenues, NNPCL's opaque governance had seriously hampered the federation's ability to receive oil payments.
Proofreading by James, Ojo Adakole, journalist and copy editor at Legit.ng.
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Source: Legit.ng
