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We Did Not Order Oil Marketers To Increase the Price Of Gasoline NNPC

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The Nigerian National Petroleum Company (NNPC) Limited has refuted allegations that it directed marketers to evaluate the price of premium motor spirit (PMS), generally referred to as gasoline, and the price at the pump.

Recall that it was announced on Tuesday, July 19 that the NNPC had approved raising the price of gasoline at the pump from N165 to N179 per litre and the price at the ex-depot from N148.17 to N167 per litre.

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The NNPC spokesperson, Garba Deen Muhammad, responded to this in an interview with TheCable by claiming that the oil company does not act as a regulator and as a result does not determine gasoline pricing.

“The NNPC no longer approves pump pricing reviews,” he declared. The midstream and downstream authority are responsible for that.

“I don’t know. They—not NNPC—are the ones who can tell you what pricing structure the government has approved. All of it has previously been resolved by NNPC. Now, we function exactly like MTN.

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A marketer for oil who wished to remain anonymous also told the publication that the assertions made in the widely distributed message were “false” and “mischievous” because nothing of the such ever occurred between the government and the marketer.

 

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