The Nigeria National Petroleum Company Limited (NNPCL) has affirmed its commitment to maintaining the current retail price of petroleum, dispelling any notions of an impending increase.

 In a statement released through its official communication platform on Monday night, the oil firm addressed recent media reports suggesting a potential hike in petroleum pump prices.

Contrary to these reports, the NNPCL categorically stated that it has no plans to elevate the existing rate of N617 per litre to a range between N720 and N750 in the upcoming weeks. The company's stance is grounded in its dedication to serving its valued customers and fostering trust within the industry.

“Dear esteemed customers, we at NNPC Retail value your patronage, and we do not intend to increase its petrol pump prices as widely speculated; please buy the best quality product at the most affordable prices at our NNPC Retail stations nationwide”, the NNPCL said.

With this reaffirmation, the NNPCL seeks to underscore its commitment to consumer satisfaction while dispelling any uncertainties surrounding potential price changes.