Has FG Increased Petrol Price As Being Circulated Online? Read What NNPC Revealed - FOW 24 NEWS

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Has FG Increased Petrol Price As Being Circulated Online? Read What NNPC Revealed

The Nigerian National Petroleum Corporation (NNPC) has exposed the slanting phony news of an approaching audit of draw costs of oil-based commodities, particularly Premium Motor Spirit (PMS), called oil.
 

A discharge today in Abuja by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, asserted that in spite of the falsehood in the online networking, the Federal Government has no arrangement to audit costs of white items either downwards or upwards. 

Ughamadu said since October 2017, NNPC had been the sole merchant of PMS into the nation as the Oil Marketing Companies (OMCs) couldn't import because of the Open Market Price being substantially higher than the N145/liter authority offering cost. 

The government, he stated, has no arrangement to audit the market costs of items either upwards or downwards now. 

Ughamadu advised talk mongers to be careful about the effect their dishonorable demonstration could cause on costs of oil-based goods particularly oil as the bubbly time frame moves close. 

He said the phony news can prompt fake shortage, storing of items by customers which thusly may result in baseless lines and enduring of Nigerians at fuel stations. 

The NNPC representative unveiled that individuals from people, in general, should report any station which offers PMS over the N145 prescribed cost to the workplaces of the Department of Petroleum Resources (DPR) across the country, saying the Department is approved to screen and control the Industry's exercises. 

Ughamadu said the ongoing explanation of the NNPC GMD, Dr. Maikanti Baru, that the organization had 37 days load of PMS subsists, focusing on that the NNPC's helmsman has mapped out methodologies to guarantee that Nigerians have a without hitch happy period. 

- NAN
Has FG Increased Petrol Price As Being Circulated Online? Read What NNPC Revealed Reviewed by FOW 24 News on October 30, 2018 Rating: 5 The Nigerian National Petroleum Corporation (NNPC) has exposed the slanting phony news of an approaching audit of draw costs of oil-based ...

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