Announcing pump prices no longer our business - NNPC

Nigerian National Petroleum Corporation (NNPC) Nigerian National Petroleum Corporation

Sat, 9 Jan 2021 Source: The Nation

The Nigerian National Petroleum Corporation (NNPC) has said it is no longer its business to announce the pump prices of the premium motor spirit (PMS) or petrol.

This, according to the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, is accountable for the government’s silence on the January price of the product.

He said the product is deregulated and only its marketers have the power to fix and announce its price.

Speaking with The Nation on phone on Thursday, he noted that the Pipeline Products Marketing Company (PPMC), a subsidiary of the Corporation, was only announcing the prices last year as the sole importer of the product.

The NNPC spokesman, who said that Petroleum Products Pricing Regulatory Agency (PPPRA) has the power to make public the pump price, noted that it has even been “sided” because of deregulation.

Asked why the government has not released the prices of PMS for January, Obateru said: “We don’t do pricing. It is PPPRA. We don’t talk about pricing.”

Source: The Nation
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