No Plan To Increase Fuel Price,’ IPMAN, NNPCL assures Nigerians

The Nigeria National Petroleum Company Limited (NNPCL) and the Independent Petroleum Marketers Association of Nigeria (IPMAN) have assured Nigerians that price of gasoline won’t go up.

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This statement was issued in response to the widespread rumour that the prices of Premium Motor Spirit (PMS) also referred to as gasoline/petrol at the pump will increase to the sum of N1200 per litter. The agencies advised Nigerians to remain calm and warns against panic buying.

Speaking live Tv, IPMAN’s Public Relations Officer, Okanlawon Olanrewaju, said there is no plan by fuel marketers to increase fuel price.

“As far as the independent marketers are concerned, we don’t have plans or plans to increase fuel pump price,” he said on Thursday.

“There is no basis for that for now. There is no signal from NNPC that we should increase. So, we cannot do that on our own except NNPC comes out and says we are going to increase pump price. On our own, there is nothing like that.

“I want to use this opportunity to appeal to the public to stop panic buying. There is nothing like that (fuel price increment). It is just a rumour.”

The NNPCL also refuted claims of a clash with IPMAN, insisting that subsidy has been entirely removed on petrol months after President Bola Tinubu pronounced the development.

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