The Nigerian National Petroleum Company (NNPC) Limited has
debunked reports that it plans to increase the price of petrol to N1,200 per
litre.
Reports on Wednesday emerged that NNPC will announce a new
increase in the price of fuel across the country.
But reacting to the report which has generated mixed
reactions, NNPC said there are no plans to hike the price of fuel.
The statement which was signed by the NNPC, Group
Communications, Officer, Olufemi Soneye read, “NNPC Ltd emphasises it has not
clashed with any party. The Punch headline is deemed unfortunate.
“The publication sought confirmation on the alleged subsidy
reduction, to which NNPC responded that the subsidy has been entirely removed.”
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