NNPCL Denies Alleged Plan To Increase Petrol Pump Prices

Since President Bola Tinubu assumed office on May 29, declaring that “fuel subsidy is gone”, the NNPC has increased its prices at least twice.

The Nigerian National Petroleum Company (NNPC) Limited has refuted claims that it plans to increase its pump prices for Premium Motor Spirit, commonly referred to as petrol.

The company’s management, in a statement shared Friday on X, said this was contrary to speculation.

“Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated,” the statement read.

Total
0
Shares
Related Posts
Read More

FirstBank’s ₦1 Trillion Digital Loan Disbursement Milestone and the New Era of Inclusive Lending in Nigeria

For decades, Nigeria's credit system posed significant challenges for small businesses and low-income earners, who often struggled to qualify for loans. Traditional banks demanded collaterals, guarantors, and endless paperwork, effectively shutting out a large portion of the population working in the informal economy. FirstBank’s digital lending model flipped the script. With the launch of its digital lending model, the bank eliminated collateral requirements and slashed approval times from weeks to under five minutes. Loans now flow through multiple channels including *894# (the Bank’s USSD service), FirstMobile, LitApp, and the FirstMonie agent network, reaching market traders, civil servants, rural farmers and everyday individuals.