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NNPC Denies PMS, Diesel Prices Reduction

The Nigerian National Petroleum Company (NNPC) Limited has denied claims that it has reduced the pump prices of petrol and diesel.

The NNPC spokesperson, Olufemi Soneye, in a statement, described the claims as false, asking Nigerians to disregard them.

Recall that some posts on various social media platforms on Tuesday and Wednesday said that the NNPC had reduced the pump price of petrol below N600, while that of diesel was adjusted below N900.

Reacting, the firm said: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit and Automotive Gas Oil at its retail stations nationwide.

“The company asserts that these reports are false and urges Nigerians to disregard them entirely.

“NNPC Ltd reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country.”

Note that the pump of petrol skyrocketed following the removal of fuel subsidy by President Bola Tinubu on May 29, 2023, rising to over N600 naira from about N200 until the end of the Muhammadu Buhari administration.

Also, this is the second time in two months that NNPC will counter speculations on the prices of PMS and diesel.

In February, NNPC said there is no imminent increase in the cost of petrol in the country.