NNPC dismisses rumour on fuel price petrol increase

The Group General Manager (GGM), Nigerian National Petroleum Corporation (NNPC), Maikanti Baru yesterday ruled out possibility of imminent increase in the pump price of petrol.

 

There are online reports suggesting that the Federal Government will soon increase the price which was increased in May from 86 to 145 naira per litre.

 

But speaking at the Presidential Villa, Abuja, Baru said he has not received any directive to increase fuel price.

 

Noting that the request for foreign exchange (forex) for importation of petrol has been met, he said the supply situation for fuel in the country is robust and won’t push price up.