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NNPC dispels rumours of fresh hike in fuel pump price

* Diesel price hits N950/litre
Tuesday Aug 15, 2023 14:23 pm

By Duke Ezeh
Abuja,   Breaking News

Amid rumours of iminent increase in fuel pump price, NNPC has come up with a refuttal.

The company tweeted:

"Dear esteemed customers, we at NNPC Retail value your patronage, and we do not have the intention to increase our PMS pump prices as widely speculated. Please buy the best quality products at the most affordable prices at our NNPC Retail Stations nationwi,de."

Diesel price hits N950/litre
Meanwhlie, diesel price has hit N950/litre and this worsens the difficulties experienced by manufacturers.

According to PUNCH Newspaper, Benneth Korie, the National President of NOGASA, explained that before the introduction of the VAT, the cost of diesel was around N650 per liter.

He stated that VAT on diesel was introduced on June 20, 2023. Korie emphasized that the scarcity of US dollars is also contributing to the increase in diesel prices. 

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