The Nigeria National Petroleum Corporation, NNPC has in its monthly newsletter refute reports that the Federal Government plans to increase the current pump price of Premium Motor Spirit (PMS). The Director of Press in a statement advised Nigerians to disregard such reports circulating on social media.
Alibi in the statement said, certain reports making the rounds on both traditional and social media alleging that the Honorable Minister of State, Petroleum Resources, Dr. Emmanuel I. Kachikwu dropped a hint of an impending fuel price increase during the Joint Senate and House of Representatives Committee hearing on fuel scarcity in Nigeria.
“It would be expedient to note that the Presidency has set up a special committee to identify the immediate and remote causes of the fuel scarcity with a view to finding both immediate and long lasting solutions to the challenge.
The Committee has been in rounds of deliberations in the past few days and these discussions are still ongoing. The final decisions and recommendations from the Committee would be passed on to the President and Commander-In-Chief for approval.”
The general public and indeed stakeholders in the Oil and Gas sector were urged to disregard any such report of a price increase.