Fuel price hike: NNPCL denies clashes with marketers

The Nigerian National Petroleum Company Limited (NNPCL) on Wednesday, January 3, denied clashing with marketers or any other party on payment of Premium Motor Spirit (PMS) petrol.
This was contained in the company’s rejoinder to a media report that petrol should now cost N1,200 per litre owing to exit from the under-recovery of the fuel cost.

The short rejoinder that NNPC, Group Communications, Officer, Olufemi Soneye issued today reads: “NNPC Ltd emphasises it has not clashed with any party. The Punch headline is deemed unfortunate. The publication sought confirmation on the alleged subsidy reduction, to which NNPC responded that the subsidy has been entirely removed.”