NNPC DENOUNCE PLANS TO HIKE PETROL PRICE

The Nigerian National Petroleum Company (NNPC) Limited says it has no plan to raise the pump price per litre of Premium Motor Spirit (PMS) also known as petrol. In a terse statement last night, the company urged Nigerians to disregard speculations of a fresh hike in price of the premium product. The President of the Nigeria Labour Congress (NLC), Joe Ajaero, had on Monday, warned the NNPC Limited against fresh petrol price hike. However, NNPC Limited Spokesman, Muhammad Garbadeen, in a statement, said the company has no intention to increase petrol price for the third consecutive time since the removal of petrol subsidy on May 29,2023.

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