The Nigerian National Petroleum Company (NNPC) Limited has denied ordering marketers to review the cost of premium motor spirit (PMS), also known as gasoline, and the price at the pump.
Recall that on Tuesday, July 19, it was reported that the NNPC had approved an increase in the pump price of gasoline from N165 to N179 per litre and the ex-depot price from N148.17 to N167 per litre.
Reacting to this in an interview 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 said:-
“The NNPC no longer approves pump price review. That is the work of the midstream and downstream authority.
“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 also told the publication that the claims in the circulated message were “false” and “mischievous” as nothing of such happened between the government and marketers.
