The Nigerian National Petroleum Corporation (NNPC) yesterday said there was no need for any increase the pump price of petrol from its present N145 per litre.
Speaking with reporters in Abuja, its Group General Manager, Group Public Affairs Division, Garba Deen Muhammad, said there was already a robust arrangement to guarantee fuel supply for a long time.
He categorically insisted that the Federal Government was no longer subsidising petrol.
Asked to react to newspapers report that the N145 per litre was no longer sustainable, he said: “I have read the reports but the statement was made in the context of technical and logistics issues.
Source: The Nation