Nigerian National Petroleum Company (NNPC) Limited says it did not direct marketers or review the ex-depot price and pump price of premium motor spirit (PMS), also known as petrol. Following the hike in diesel price, oil marketers made a case for the increment of petrol price, citing soaring transport costs. Although the federal government had insisted that the pump price of petrol remain N165 a litre, oil marketers said it is “not sustainable”. On Tuesday, reports claimed that NNPC, in a notice to oil marketers, approved an upward review in…
Read MoreNNPC TO NIGERIANS: WE DID NOT DIRECT OIL MARKETERS TO HIKE PETROL PRICE
