NNPC Limited
The corporation gave the assurance in a statement signed by its spokesman Dr. Kennie Obateru in Abuja, on Thursday.
“In spite of the rise in the price of crude oil in the international market, NNPC has ruled out any increment in the ex-depot price of PMS in February, 2021,” he said .
Obateru explained that the decision was to allow ongoing engagements with organised labour and other stakeholders on an acceptable framework that would not expose the ordinary Nigerian to any hardship.
He urged petroleum products marketers not to engage in hoarding of PMS in order not to create artificial scarcity and unnecessary hardship for Nigerians.
He also called on relevant regulatory authorities to step up monitoring of the activities of marketers with a view to sanctioning those involved in products hoarding or arbitrary increase of pump price.
