Economy

No Plan to Increase Fuel Price – NNPC

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Written by Maritime First
  • As NSCDC destroys 28 illegal refineries in Edo in eleven months

The Nigerian National Petroleum Corporation (NNPC) has once again emphasised that there is no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.

The NNPC in a release said the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre have not changed noting that the Corporation has enough stock of fuel to ensure seamless supply and distribution of products across the country.

While enjoining motorists and other users of petroleum products to disregard rumours of an impending fuel price hike in some online news platforms, the NNPC said it has the full commitment of all downstream stakeholders including petroleum marketers and industry unions to cooperate in achieving zero fuel scarcity this season and beyond.

The NNPC enjoined motorists not to engage in panic buying or indulge in the dangerous practice of stocking petroleum products in jerry cans at home.

The Corporation noted that its downstream subsidiary companies namely the Petroleum Products Marketing Company (PPMC) and NNPC Retail Limited are fully geared up to ensure that motorists enjoy uninterrupted access to petrol throughout the nation.

In the meantime, the Nigeria Security and Civil Defence Corps (NSCDC), Edo Command, says it has destroyed 28 illegal refineries in the state in the last eleven months.

The Commandant of the Corps, Mr Makinde Ayinla, disclosed this to the News Agency of Nigeria (NAN) on Monday in Benin.

Ayinla said that of the figure, 15 were destroyed in Edo South; five in Edo Central and eight in Edo North.

He also said that an estimated 500,000 litres of illegally refined and adulterated petroleum product was seized as well as destroyed within the period.

He said the command so far had 17 pending cases in court, while it had secured five convictions of suspects.

The commandant also said that within the period under review the command had arrested 22 suspects for armed robbery, drug trafficking and prostitution.

He said that the suspects had since been handed over to relevant authorities for further action.

He attributed the achievement to the “resilience, commitment and doggedness” of personnel of the command.

Ayinla also commended sister security agencies for collaborating with the Corps, saying: ”let us continue to keep the flag flying”.

Additional report from Premium

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