The Nigerian National Petroleum Corporation has dismissed reports that it is planning to increase the price of premium motor spirit better known as petrol.
In a statement, spokesman for the corporation, Ndu Ughamadu said mischief makers are behind the reports.
During a visit to Senate President Ahmad Lawan, the group managing director of the NNPC, Mele Kyari had said it is very difficult to make fuel available at 145 naira.
After this, reports of plans to increase pump price started circulating on social media.
Ughamadu however said it is improper for people to conclude that the corporation has made plans to hike the price of the product.
He said NNPC is “not even in a position to regulate the price of petroleum products.”
He said what Kyari meant is that the price of petrol is abysmally low in Nigeria compared to what obtained in neighboring West African countries.”
The NNPC therefore cautioned petroleum products marketers not to sell petrol above N145 per litre, even as he urged Nigerians to report cases of increased fuel price to the Department of Petroleum Resources in order to take disciplinary measures against defaulters.