The Nigerian National Petroleum Corporation (NNPC) has called for a legislative framework with clear fiscal terms in order to tap the full potential of the gas resources in the nation’s deepwater acreages.
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The Nigerian National Petroleum Corporation (NNPC) has denied reports of any increment in the price of Premium Motor Spirit (petrol) in the country in March 2021.
The NNPC disclosed this in a statement signed on Sunday by the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru.
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 the organised labour and other stakeholders on an acceptable framework that will not expose the ordinary Nigerian to any hardship.
The 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.
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