BREAKING! ! NNPC Have Finally Agreed On The Final Price For 1 Litre Of Fuel, See The Shocking Amount
In a recent development, the Nigerian National Petroleum Corporation Limited (NNPCL) and petroleum marketers have affirmed their commitment to maintaining the current petrol pump prices, putting an end to speculations about an imminent increase. The Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Petroleum Retailers Outlet Owners Association of Nigeria (PROOAN) have both echoed the stance that there are no plans to raise fuel prices beyond the existing range of N600 to N630 per litre.
Abubakar Maigandi, the President of IPMAN, reassured the public that the current prices would remain unchanged unless directed otherwise by the NNPC. He disclosed that NNPCL sells petrol to marketers at N568 per litre, emphasizing the sacrifice they are making for the country due to the minimal profit margins.
Billy Gillis- Harry, the National President of PROOAN, affirmed the government’ s decision not to reinstate the subsidy, commending NNPC for effectively managing the current fuel pricing. He stated that with the government allowing petroleum products to rise from N480 to N630, there is a clear mandate not to exceed this range.
Addressing recent rumors of a potential hike to N1, 200 per litre, NNPC issued a statement urging Nigerians to disregard such unfounded speculations. The statement emphasized that there are no plans for an upward review of the petrol price and urged motorists not to engage in panic buying, ensuring them of ample availability of Premium Motor Spirit (PMS) across the country.