Nigeria National Petroleum Corporation debunks alleged plans to increase price of petrol

The Nigerian National Petroleum Corporation – NNPC, has debunked the insinuation in the media that the recent increase in the bridging allowance to transporters from 6.20naira to 7.20naira was made preparatory to jacking up the pump price of petrol.

In a statement in Abuja, the Corporation’s Group General Manager, Public Affairs, Ndu Ughammadu, said, rather than increase the pump price, the 1.0naira increase in transporters’ allowance would be absorbed in the existing pricing template to maintain existing pump price ceiling.

Ughammadu, in the statement, noted that the National Union of Petroleum and Natural Gas Workers – NUPENG, had suspended its nationwide strike April 3, 2017 following the timely intervention of the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Maikanti Baru.

Baru’s intervention, he explained, had nipped in the bud, logjam from the face-off between the National Association of Road Transport Owners – NARTO, and Petroleum Tanker Drivers – PTD, over cost of doing business, among others.

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