PRESS RELEASE:

#NNPC Says No Increase in Fuel Price in March
…Cautions against Hoarding, Panic Buying

Thread...
1. Contrary to speculations of imminent increase in the price of Premium Motor Spirit (petrol) in the country, the Nigerian National Petroleum Corporation (#NNPC) has ruled out any increment in the ex-depot price of petrol in March, 2021.
2a. A press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, stated that the Corporation was not contemplating any raise in the price of petrol in March in order not to jeopardize ongoing engagements with organized labour and...
2b...and other stakeholders on an acceptable framework that will not expose the ordinary Nigerian to any hardship.
3. #NNPC also cautioned petroleum products marketers not to engage in arbitrary price increase or hoarding of petrol in order not to create artificial scarcity and unnecessary hardship for Nigerians.
4. The Corporation further stated that it has enough stock of petrol to keep the nation well supplied for over 40 days and urged motorists to avoid panic buying.
5. It further 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.
Dr. Kennie Obateru
Group General Manager
Group Public Affairs Division
Nigerian National Petroleum Corporation
NNPC Towers, Abuja.
28th February, 2021.

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More from @NNPCgroup

18 Feb
PRESS RELEASE:

No Increase in Fuel Price in February - #NNPC

In spite of the rise in the price of crude oil in the international market, the #NNPC has ruled out any increment in the ex-depot price of Premium Motor Spirit (petrol) in February, 2021.

Thread...
2. This was disclosed in a press release by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru @kennieobateru.
3. The statement explained that the decision was to allow ongoing engagements with organized labour and other stakeholders on an acceptable framework that will not expose the ordinary Nigerian to any hardship, to be concluded.
Read 7 tweets
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Details shortly...
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PRESS RELEASE

Otedola Bridge Explosion: @NNPCgroup Commiserates with Victims, Lagos Govt

Thread...👇

1a. The #NNPC has commiserated with the Govt and people of Lagos State and especially the victims over the unfortunate tanker explosion which occurred on the Otedola Bridge..
1b... in Lagos, in the early hours of Saturday.
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Read 8 tweets
15 Oct 20
BREAKING:

@NNPCgroup Releases 2019 Audited Financial Statement, Reduces Loss by 99.7%

#Transparency
#Accountability
#PerformanceExcellence
#TAPE
 
THREAD...👇
1. Barely five months after publishing its 2018 Audited Financial Statement, the Nigerian National Petroleum Corporation (#NNPC) has released its 2019 Audited Financial Statement with a 99.7% reduction in its loss profile from ₦803bn in 2018 to ₦1.7bn in 2019.

#TAPE
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Read 10 tweets
14 Oct 20
#HappeningNow in #Owerri, #Imo State:

GMD @NNPCgroup Mallam @MKKyari delivers the Goodwill Address at the South East Gas Utilisation Forum 2020.

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#SouthEastGasForum #YearofGas

Details👇
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Read 6 tweets
18 Mar 20
JUST IN:

PMS PRICE ADJUSTMENT

In compliance with the directives of the Honourable Minister of State for Petroleum Resources on PMS pricing, the Corporation has reviewed its Ex-coastal, Ex-depot and NNPC Retail pump prices accordingly.

Thread...
2. Effective 19th March 2020, NNPC Ex-Coastal price for PMS has been reviewed downwards from N117.6/litre to N99.44/litre while Ex-Depot price is reduced from N133.28/litre to N113.28/litre.
3. These reductions will therefore translate to N125/litre retail pump price.
Read 5 tweets

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