We did not direct oil marketers to hike petrol price – NNPC
Nigerian National Petroleum Company Limited (NNPC) denied that it directed marketers to engage in an upward revision of the price and pump price for premium motor spirit (PMS), also called petrol.
It was reported that on Tuesday, July 19, the NNPC approved an upward revision in the pump price of N165 per liter to N179/liter and the ex-depot price of N148.17 and N167/liter.
Garba Deen Muhammad, the spokesperson for the NNPC, stated that the oil company does not act as a regulator and does not set petrol prices.
“The NNPC no longer approves pump price review. That is the work of the midstream and downstream authorities.
“I have no idea. They are the ones that tell you what price regime the government has approved, not NNPC. NNPC has already exited all that situation. We are operating just like MTN now.”
An oil marketer who preferred anonymity also told the publication that the claims in the circulated message were “false” and “mischievous” as nothing of such happened between the government and marketers.