Nigerian National Petroleum Company (NNPC) Limited says it
did not direct marketers or review the ex-depot price and pump price of premium
motor spirit (PMS), also known as petrol.
Following the hike in diesel price, oil marketers made a
case for the increment of petrol price, citing soaring transport costs.
Although the federal government had insisted that the pump
price of petrol remain N165 a litre, oil marketers said it is “not
sustainable”.
On Tuesday, reports claimed that NNPC, in a notice to oil
marketers, approved an upward review in the pump price from N165 per litre to
N179 per litre as well as the ex-depot price from N148.17 to N167 per litre.
TheCable reports that some filling stations have adjusted
their pump prices.
But speaking on the telephone with TheCable, Garba Deen
Muhammad, NNPC’s spokesperson, said the oil firm does not function as a
regulator and consequently does not set prices for petrol.
He added that the company had no idea about the issue — as
it did not emanate from it.
“The NNPC no longer approves pump price review. That is the
work of the midstream and downstream authority,” he said.
“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 told TheCable that
the claims in the circulated message were “false” and “mischievous” as nothing
of such happened between the government and marketers.
Apollo Kimchi, spokesperson, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), could not be reached as his mobile was switched off.
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