The Nigerian National Petroleum Corporation (NNPC) has denied plans of increasing fuel price from February.
NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru who reacted to speculation of petrol selling above the official N162 per litre, told The Nation that there was no imminent upward review.
Obateru also allayed fears of scarcity of the product by saying that NNPC has a stock of petrol that can last over 40 days. He further urged the Department of Petroleum Resources (DPR) to clampdown on the marketers hoarding petrol.
“NNPC has not increased its ex-depot price. I am certain that NNPC is not likely to increase its ex-depot price in February.
“We have sufficiency for almost forty something days. If people are hoarding or increasing their prices that one is for the DPR to look into.”
Reactions as Davido tops Forbes 100 icons Africa list
Social media users have reacted to the award-winning singer, Davido topping Forbes 100 Innovations, Inventions, and Icons Africa list. The...
DSTV announces procedures for BBNaija season 6 audition
Organisers of Big Brother Naija, BBNaija have announced that auditions will soon begin for season six of the Big Brother...
Burna Boy Stands Tall At Grammys, Wins ‘Best Global Album’ Award
Nigerian superstar, Damini Ogulu, better known as Burna Boy, has won Best Global Music Album at the 2021 Grammy awards....
Nollywood Actor, Lateef Adedimeji, Woos American Based Singer, Jemiriye Adeniji *tale trails his romance with Bimpe Oyebade
The latest romance story is coming on the heels of Adedimeji’s alleged romance with an America based Yoruba actress, Oyinkansola...
Hushpuppi hires former government lawyer as defence counsel
Ramon Abass also known as Hushpuppi has hired a top-rated criminal defence lawyer, Loius Shapiro to represent him in his trial in...