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Nigerian National Petroleum Company Refutes Claims of Fuel Price Reduction

Nigerian National Petroleum Company Refutes Claims of Fuel Price Reduction

In recent days, rumors have circulated on social media platforms suggesting that the Nigerian National Petroleum Company Limited (NNPCL) has lowered the pump prices of petrol and diesel. However, these claims have been swiftly denied by the NNPCL, with spokesperson Olufemi Soneye issuing a statement to set the record straight.

According to the NNPCL, the reports circulating on social media regarding a reduction in fuel prices are entirely false. They have urged Nigerians to disregard these rumors and assured the public that there has been no adjustment to the pump prices of petrol or diesel.

The firm reiterated its commitment to ensuring a consistent supply of petroleum products across all its retail stations nationwide. Despite the recent removal of fuel subsidy by President Bola Tinubu on May 29, 2023, which led to a significant increase in petrol prices, the NNPC remains steadfast in its efforts to maintain stability in the availability of fuel to consumers.

It's worth noting that the cost of petrol had skyrocketed following the removal of the fuel subsidy, reaching over N600 from its previous price of about N200 during the Muhammadu Buhari administration. However, the NNPC's statement makes it clear that any claims of a recent reduction in fuel prices are unfounded.

As consumers navigate through these uncertain times, it's crucial to rely on credible sources of information and refrain from spreading unverified news, particularly when it pertains to essential commodities like fuel. The NNPC's clarification serves as a reminder to exercise caution and diligence in evaluating the information we encounter, especially in the age of social media.

In conclusion, the Nigerian National Petroleum Company Limited remains steadfast in its commitment to transparency and reliability, reaffirming its dedication to providing uninterrupted access to petroleum products for all Nigerians.

For further updates or clarification, individuals are encouraged to refer directly to official statements from the NNPC or authorized representatives.

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