No plan to hike fuel pump price in February – NNPC

There is no plan to hike pump price, the Nigerian National Petroleum Corporation (NNPC) said on Tuesday.

Group General Manager, Group Public Affairs Division, Dr Kennie Obateru, dismissed rumours about an imminent upward review of petrol price.

In a chat with The Nation, Dr. Obateru: “NNPC has not increased its ex-depot price. I am certain that NNPC is not likely to increase its ex-depot price in February.”

According to him, NNPC has a stock of petrol that can last for over 40 days. He allayed fears about scarcity of the product.

Obateru urged the Department of Petroleum Resources (DPR) to clamp down on the marketers hoarding petrol.

“We have sufficiency for almost 40 days. If people are hoarding or increasing their prices, it is for the DPR to look into it,” he said.

Source: The Nation