x

Presidential Statement Addresses Speculated Petrol Price Increase

By Daniel Edu

The Presidency has moved to reassure the Nigerian public that there are no intentions to raise the costs of petroleum products at the pump.

In a conversation with State House correspondents in Abuja on Tuesday, the Presidential Spokesman, Ajuri Ngelale, firmly conveyed this stance.

Ngelale’s statement came in response to circulating claims on social media regarding potential plans to elevate the current petrol price of N617 per litre to a range between N720 and N750.

Last Friday, the Independent Petroleum Marketers Association of Nigeria (IPMAN) suggested the possibility of the pump price for Premium Motor Spirit (PMS) reaching around N750 per litre. Chinedu Ukadike, the National spokesperson for IPMAN, acknowledged that the ex-depot price set by the Nigerian National Petroleum Corporation Limited (NNPCL) currently stands at N587.7. Ukadike also indicated that if the NNPCL alters its pricing, other fuel marketers might follow suit.

Nevertheless, the Nigerian National Petroleum Corporation Limited (NNPCL) has categorically denied the circulating speculations about an impending petrol price increase.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

FCT Striking Primary Teachers, Insist “No Payment, No Work”

By Joyce Remi-Babayeju Striking primary school teachers in in the...

NCPC South South Zonal staff celebrate , Chief Weli Wosu

By Joyce Remi-Babayeju The staff of the Nigerian Christian Pilgrim...

Wike Lauds Tinubu For Rescuing Nigeria From Collapse

By Joyce Remi-Babayeju The FCT Minister, Barr Nysome Wike has...

WSIS 2025: NCC Wins Global Prize for Digital Awareness Programme

Nigeria, through the Nigerian Communications Commission (NCC), has won...

Kaduna: Suspected Diphtheria Outbreak Kills 3 Children, Infects 6 in Zaria

By Achadu Gabriel, Kaduna At least three children have died...

NBC Commends Alu Ya Gode FM/Alu TV for Professionalism, Code Compliance

By Muhammad Ibrahim, Sokoto The National Broadcasting Commission (NBC) Sokoto...

Sokoto Assembly to Pass Vote of Confidence on Governor Ahmad Aliyu

By Muhammad Ibrahim, Sokoto The Sokoto State House of Assembly...

Sokoto State Seeks Strategic Education Partnerships at International Summit in Turkey

By , Sokoto Sokoto State recently participated in the International...
spot_img

Related Articles

Popular Categories

spot_imgspot_img