NNPC dismisses rumours of reduction in fuel pump price

The Nigerian National Petroleum Company Limited (NNPCL) has dismissed rumours about the adjustment of pump price for Premium Motor Spirit (PMS) and Automotive Gas Oil (Diesel) at its retail outlets nationwide.

In a statement issued on Wednesday by its Chief Corporate Communications Officer, Mr. Olufemi Soneye, the company described the reports as false.

Reports emerged in the media on Monday that the ex-depot price for PMS also known as petrol had reduced from N640 to N630 for the independent oil marketers while NNPCL maintained its N570 price.