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Nigerian National Petroleum Corporation (NNPC) said there is no plan to increase pump price.
Group General Manager, Group Public Affairs Division, Dr Kennie Obateru, dismissed rumours about an imminent upward review of petrol price on Tuesday.
“NNPC has not increased its ex-depot price. I am certain that NNPC is not likely to increase its ex-depot price in February,” he said.
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According to him, NNPC has a stock of petrol that can last for over 40 days. He allayed fears about the scarcity of the product.
Obateru urged the Department of Petroleum Resources (DPR) to clamp down on the marketers hoarding petrol.
“We have sufficiency for almost 40 days. If people are hoarding or increasing their prices, it is for the DPR to look into it,” he said.
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