NNPC issues official statement on fuel price hike


– The NNPC has issued an legit commentary regarding the rumors of a gas worth hike

– NNPC Workforce General Manager, Public Affairs, Mr Ndu Ughammadu, stated it was a false record

– Mr Ughammadu said that slightly than increase the pump value, the N1.0 raise in transporters’ allowance could be absorbed in the existing pricing template

An increase in fuel pump price from N145 will be difficult for Nigerians to swallow

A Rise in gasoline pump value from N145 can be tough for Nigerians to swallow

Nigerian Nationwide Petroleum Employer (NNPC), has reassured Nigerians that there will likely be no increase in gasoline pump price.

Lately, there had been A Rise in the bridging allowance to transporters from N6.20 to N7.20, which gave rise to rumors that it might lead to A Rise in the pump worth of petrol.

However, NNPC Workforce Normal Supervisor, Public Affairs, Mr Ndu Ughammadu, said in Abuja on Tuesday, April 4, that moderately than raise the pump price the N1.Zero raise in transporters’ allowance would be absorbed within the existing pricing template to handle current pump price ceiling.

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Below is his commentary: “NNPC wishes to guarantee consumers of Premium Motor Spirit, PMS, otherwise referred to as petrol that the evaluation of bridging price would no longer result in increase in the fee of the white product.

“The evaluation of the bridging allowance which enjoyed the blessing of the Honourable Minister of State for Petroleum Tools, Dr. Ibe Kachikwu, would be absorbed within the present products import template.”

He ADDITIONALLY stated that the National Union of Petroleum and Natural Fuel Employees (NUPENG), had suspended its nationwide strike April 3, 2017 because of the intervention of the Workforce Managing Director of the NNPC, Dr Maikanti Baru.

Explaining the need for raise in transporter’s allowances, Baru had stated: “We bear in mind the issue of NARTO to enter negotiations with PTD which has to do with the extent of bridging allowance.

“I’m satisfied to announce that the Honourable Minister of State for Petroleum Tools, Dr. Ibe Kachikwu, has given his approval to increase the bridging allowance from N6.20 to N7.20.”

In The Meantime, some oil corporations whose names regarded on the CBN listing as those that accessed forex for oil activities have denied accumulating such monies.

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the home of Representatives has vowed to get to the root of the alleged overseas trade manipulation involving some NNPC officers. While, speaker of the home of Representatives, Yakubu Dogara, says corruption cannot be completely eradicated.

But, is this genuine? NAIJ.com spoke to Nigerians about corruption, see what they needed to say: