The Nigerian Nationwide Petroleum Corp Ltd has warned that it has not reviewed ex-coastal, ex-depot and NNPC Retail costs.
NNPC disclosed this in a press release on Sunday referring to a doc that has gone viral on-line as “faux information”.
This comes after NNPC warned that depot homeowners promoting gasoline above permitted costs can be sanctioned.
What the NNPC is saying
Reacting to the doc alleging the overview of ex-coastal, ex-depot and NNPC retail costs, the Company stated, “It’s faux information clearly concocted to trigger confusion and to undermine the progressive drive of the NNPC to revive normalcy to the market. Most people and specifically trade operators in any respect ranges ought to disregard this mischievous act of misinformation.”
It added that it’s centered and decided to reposition itself to supply worth to its shareholders, whereas assembly its statutory obligation as supplier of vitality safety for the nation.
In case you missed it
- The Nigeria Union of Petroleum and Pure Gasoline Employees (NUPENG) had earlier warned that it’s going to not carry merchandise for retailers promoting gasoline above official depot value of N148.77.
- The Nigerian Nationwide Petroleum Company (NNPC) has stated that it has no plans to extend the ex-depot value of Premium Motor Spirit (PMS), in any other case often called petrol, in March 2021.
- Recall Nairametrics reported final week that Minister of State for Petroleum, Timipre Sylva stated the Federal Authorities warned that depot homeowners promoting gasoline above the permitted ex-depot value in filling stations nationwide shall be sanctioned.
- He stated, “We’re conscious, similar to President Muhammadu Buhari stated in a press release, that there are some depot homeowners who’re benefiting from the scenario by growing the Ex-depot value.
- “I can guarantee you that there shall be sanctions for any of these depots that continues to extend the Ex-depot value as permitted. We’re going to deal decisively with anybody who tries to make the most of this example.”