Nigeria’s major oil company, NNPC Limited has clarified that it has not adjusted the prices of petrol and diesel in Nigeria, contrary to widespread media reports.
Africa Today News, New York understands that a number of online platforms and social media had yesterday started reporting the adjustment in prices. However, they did not provide reasons for such an adjustment.
However, in a statement obtained by Africa Today News, New York on Thursday, Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd, stated: “The NNPC Limited wishes to clarify rumours suggesting a price adjustment for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail stations nationwide.
“The company asserts that these reports are false and urges Nigerians to disregard them entirely.
“NNPC Ltd. reaffirms its commitment to sustaining the current sufficiency in petroleum products supply across all its retail stations in the country.”
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Meanwhile, the Group Chief Executive Officer of the NNPCL, Malam Mele Kyari had earlier declared that the oil company will never declare loss again.
He made the promise in Abuja while speaking as the chairman of the launch of books authored by the NNPCL former Chief Executive Officer, Prof. Billy Okoye.
Kyari also assured that the Port Harcourt refinery would begin production by the end of the month.
He gave the assurance after a meeting with the Senate Ad-hoc Committee, investigating the various Turn Around Maintenance (TAM) projects of Nigerian refineries.
“In the next two weeks, production will start, we did mechanical completion of Port Harcourt, that was what we said in Dec 2023.
“That means we are done with our rehabilitation work, now you are to test if this completion is okay,” he said
On the Warri refinery, Kyari said mechanical works had been completed, adding that the facility was undergoing the regulatory compliance processes.