The state-owned Nigerian National Petroleum Corporation (NNPC) has no plans to increase fuel prices, according to company Spokesman Levi Ajuonuma.
The clarification comes as fuel queues, which started at most petrol stations last weekend, gathered momentum in the capital city of Abuja.
Various reasons have been attributed for the sudden re-appearance of the queues, but the NNPC has dispelled rumours pf an impending hike in fuel prices.
Ajuonuma said in a statement issued in Abuja Monday that the NNPC has well over 39 days sufficiency of PMS and other Petroleum products in stock, and described the rumoured hike in fuel price as baseless and unfounded.
“The NNPC wishes to inform Nigerians that the rumoured hike in the price of PMS by the Federal Government is false and a mere figment of the imagination of detractors of the nation. The Corporation also urges Petroleum Tanker owners and drivers to resume loading of Petroleum products in order to avoid any artificial scarcity of petroleum products as the Corporation has over 39 days of product sufficiency,” he said