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The Nigerian National Petroleum Company says it did not direct marketers to pump price of petrol

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The Nigerian National Petroleum Company (NNPC) Limited says it did not direct marketers or review the ex-depot price and pump price of Premium Motor Spirit, also known as petrol.

Following the hike in diesel price, Oil marketers made a case for the increment of petrol price, citing soaring transport costs. 

Although the federal government had insisted that the pump price of petrol remain N165 a litre, oil marketers said it is not sustainable.

Speaking on the telephone with newsmen, the NNPC’s spokesperson, Malam Garba Deen Muhammad, said the oil firm does not function as a regulator and consequently does not set prices for petrol. 

He added that the company had no idea about the issue as it did not emanate from it. 

The Spokesperson of the Nigerian Midstream and Downstream Petroleum Regulatory Authority Mr Apollo Kimchi, could not be reached as his mobile was switched off.

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