The NNPC, in a statement issued in Abuja, advised motorists and other petroleum products consumers, to disregard the speculations, because the Corporation’s Group Managing Director (GMD), Mallam Mele Kyari, who was at the National Assembly, on Tuesday, did not suggest any plan to hike the price of the product.
According to the Corporation’s Spokesman, Mr. Ndu Ughamadu, the NNPC’s statement was misunderstood, and what Kyari said during his engagement with the Senate President, Ahmed Lawan, at the National Assembly, was that the price of petrol was abysmally low in Nigeria, compared to what obtains in neighbouring West African countries.
Ughamadu said that Kyari had observed at the event, that the huge disparity in the pump price of petrol between Nigeria on the one hand, and her neighbouring countries on the other hand, tends to encourage cross-border leakages, as he sought the support of the Leadership of the National Assembly, to curb the malaise of smuggling.
He therefore, advised Nigerians to disregard the insinuation of a planned hike in the price of petrol by the NNPC, saying statutorily that, the Corporation is not even in a position to regulate the price of petroleum products.
The NNPC Spokesman, said that the organisation’s role as an Operator, must be differentiated from that of any of the Industry Regulators.
Ughamadu stated that as directed by relevant Agencies of the government, the pump price of petrol remains N145 per litre.
He cautioned petroleum products Marketers, not to sell petrol above N145 per litre, following the disclaimed rumour.