Nigeria’s main oil company, the Nigerian National Petroleum Corporation Limited (NNPCL), has come out to insist that the prices of petroleum products are not changing.
NNPCL made this disclosure in a statement issued by its Chief Corporate Communications Officer, Olufemi Soneye which was made obtained by Africa Today News, New York.
Soneye also blamed logistic issues for the tightness in the supply of fuel in some parts of Nigeria.
He, however, assured that the issue has been resolved.
Soneye urged Nigerians to avoid panic buying as products are sufficient in the country.
The statement read in part: “NNPC Ltd says cause of tightness in fuel supply resolved.
Read Also: Real Reason NNPCL Can Never Declare Loss Again – Kyari
“The Nigerian National Petroleum Company Limited (NNPC Ltd) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved.
“It also wishes to reiterate that the prices of petroleum products are not changing.
“It urges Nigerians to avoid panic buying as there is a sufficiency of products in the country.”
In another report, the Group Chief Executive Officer of NNPCL, Malam Mele Kyari has 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.