The Nigerian National Petroleum Company Limited (NNPCL) has quashed rumors circulating on social media regarding an alleged plan to increase petrol prices to N1,200 per litre.
Responding to the speculations, the NNPC clarified that there are no imminent plans to hike fuel prices despite widespread discussions on various platforms.
The NNPC’s Group Communications Officer, Olufemi Soneye, issued a rejoinder today, affirming that the company has not engaged in any conflicts related to this matter.
The statement emphasized the inaccuracy of a headline from The Punch, terming it “unfortunate.”
Additionally, NNPC addressed inquiries about subsidy reductions, clarifying that the subsidy has indeed been completely eliminated.
“NNPC Ltd emphasises it has not clashed with any party. The Punch headline is deemed unfortunate. The publication sought confirmation on the alleged subsidy reduction, to which NNPC responded that the subsidy has been entirely removed.”
This response comes amidst heightened concerns and mixed reactions among the public due to the challenging economic conditions prevalent in the country.
