Oil & Gas

Reduction of petrol pump price: It’s bush telegraph, says NNPCL’s spokesman, Soneye

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

1.7k

The Nigerian National Petroleum Company Limited (NNPCL) has denied reports making the rounds that it has authorized the downward review of fuel prices at its retail stations nationwide.

Africa’s biggest oil company clarified the unfounded reports in some sections of the media (not Persecondnews) suggesting a slight reduction in pump prices for Premium Motor Spirit and Automotive Gas Oil.

The Chief Communication Officer of NNPCL, Mr. Olufemi Soneye, in a statement late Wednesday, described the speculation as a ‘bush telegraph.’

The statement reads: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) 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 of petroleum product supply across all its retail stations in the country.”

Leave a comment

Related Articles

FG Pledges to Meet 2.5m Barrels Per Day Oil Production Target 

The Federal Government has reiterated its commitment to achieving a daily crude...

Presidential Initiative Rejects Blackmail Attempt by Former CNG Conversion Partner, Threatens Legal Action 

By Joycelyn Ellakeche Adah The Presidential CNG Initiative (PCNGI) has come out...

NNPC Ltd., Chevron Nigeria Ltd. Strengthen Partnership for Gas Development

The Group CEO of NNPC Ltd., Mr. Bashir Bayo Ojulari, has underscored...

NNPCL’s New GCEO, Ojulari, Unveils Visionary Plans for Energy Transformation, Growth

Mr. Bashir Ojulari, the newly appointed Group Chief Executive Officer of the...

Strategic Partnerships Key to Achieving Presidential Mandate, Says NNPCL GCEO

Joycelyn Ellakeche Adah The newly appointed Group Chief Executive Officer of NNPC...

US set to strengthen energy ties with Nigeria, says NNPCL Spokesman, Soneye

The United States and Nigeria have reaffirmed their commitment to collaboration in...

Trump’s Tariff Policies Spark Oil Market Volatility, Threaten Nigeria’s Economy – NMDPRA Boss

The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory...

NNPCL announces new eight-member management team

The Nigerian National Petroleum Company Limited (NNPCL) has unveiled a new eight-member...

Nigeria to Enforce “Drill or Drop” Policy to Boost Oil Production – Lokpobiri

The Federal Government has announced plans to enforce the “drill or drop”...

NNPC Retail Celebrates Female Mechanics, Advocates Inclusivity in Technical Fields

NNPC Retail Limited (NRL) has successfully hosted She-Fix 2025, a landmark event...

Dangote Refinery Suspends Sale of Petroleum Products in Naira, Cites Dollar-Denominated Crude Costs

By Joycelyn Ellakeche Adah Dangote Petroleum Refinery has announced a temporary suspension...

Suspension of Rivers gov, deputy, lawmakers, rape on democracy – Amaechi

Another stakeholder in the politics of Rivers State, ex-Governor and ex-Minister of...

No Explosion at Port Harcourt Refinery, NNPCL Clarifies Incident as Routine Flare

By Joycelyn Ellakeche Adah The Nigerian National Petroleum Company Limited (NNPC Ltd)...

NNPC Ltd Woos Global Investors at CERAWeek, Showcases Nigeria as Investors’ Haven

The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged global investors...

Oil & Gas Investments Will Not Make Africa Net Contributor to Global Emissions – Presidential Adviser Veheijen

The Federal Government has reaffirmed its commitment to creating an enabling environment...

NNPCL Clarifies Naira Crude Contract, Reaffirms Commitment to Domestic Refining

The Nigerian National Petroleum Company Limited (NNPCL) has strongly denied reports that...

NNPC Ltd Signs Deal to Supply 80mmscf/d of Gas to Ssonic Petroleum Ltd for LNG Facility

NNPC Ltd, through its subsidiary NNPC Gas Marketing Ltd (NGML) and joint...

Nigerian Navy Destroys Three Illegal Refining Sites in Delta State

The Nigerian Navy’s Forward Operating Base (FOB) Escravos has destroyed three illegal...

Nigeria’s gas flare commercialisation initiative to unlock $2.5bln in new investment – NUPRC boss Komolafe

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced that the Nigeria...

NLNG MD Laments Persistent Pipeline Vandalism Amid Gas Supply Challenges

The Nigeria Liquefied Natural Gas Limited (NLNG) is facing significant challenges in...