NNPC says no plans to increase depot Prices of PMS.

Written by on March 21, 2022

The Nigerian National Petroleum Company (NNPC) Limited says it has not reviewed the prices of premium motor spirit (PMS) at depots.

The national oil company, on Sunday, took to its official Twitter page to deny claims suggesting an increment. The company advised the public and relevant stakeholders to disregard the information.

The federal government had said it will impose sanctions on depot owners selling petroleum products above the approved ex-depot price.

In the meantime, the House of Representatives Public Accounts Committee (PAC) has summoned the heads of 17 Nigerian National Petroleum Company (NNPC) Limited to appear before it over audit queries by the office of the Auditor General of the Federation (OAuGF).

The audit queries were issued over the operations and finances of the NNPC subsidiaries between 2014 and 2019.

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