The Nigerian National Petroleum Company Limited has finally responded to the widespread worry about a potential increase in the price of Premium Motor Spirit, also known as gasoline, at the pump.

    The national oil corporation, a major importer of gasoline into Nigeria, stated in a post on its official X (previously Twitter) account on Monday at 11:48 p.m. that it has no plans to raise the price of gasoline at the pump.Dear valued customers, NNPCL Retail appreciates your business and would like to clarify that, contrary to popular belief, we do not intend to raise the price of our PMS pumps.The company urged customers to visit any of its NNPCL Retail locations countrywide to get the highest-quality goods at the most competitive pricing.


    Less than a week after breaking through the N900/dollar limit, the naira was selling at over 945 to the dollar on Friday on the black market.Additionally, the oil traders asserted that the CBN Importers and Exporters’ official foreign exchange window, which offers a cheaper exchange rate of about $740/litre, had remained unliquid and was unable to provide the $25 to $30 million required for traders to import PMS.

    Real Also > A Nationwide strike will start immediately, If the price of petrol is raised again — NLC

    In response to a question from our correspondent on Monday, NNPCL spokesperson Garba-Deen Muhammad said he will research the matter and get back to them.He didn’t respond, though; instead, the business responded on X (previously Twitter) on Monday night.

    Additionally, the Nigeria Labour Congress had warned on Monday that if marketers hiked the price of gasoline at the pump without ending the existing negotiations, its members will embark on a statewide strike without giving any prior warning.Joe Ajaero, the president of the NLC, urged the federal government to stop the depreciation of the naira.

    Following the termination of the fuel subsidy in May, organized labor sought to strike in protest of the soaring cost of goods and services, but the Federal Government was able to obtain a National Industrial Court injunction preventing them from doing so.

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