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The Nigerian National Petroleum Corporation Limited has debunked claims making the round over an upward review of fuel pump prices nationwide.

NNPC Limited disclosed this in a statement on Monday.

The Company’s reaction is coming amid speculation of an upward review of fuel pump prices.

The President, Nigeria Labour Congress, NLC, Joe Ajaero, had threatened to embark on strike without issuing a notice if the fuel pump price increases.

“Dear esteemed customers, we at NNPC Retail value your patronage and do not intend to increase our PMS pump prices as widely speculated. Please buy the best quality products at the most affordable prices at our NNPC Retail Stations nationwide”, the Company wrote.

Recall that the Independent Petroleum Marketers Association of Nigeria said that as long as Dollar continues to rise in the foreign exchange market, an upward increment of fuel price would be imminent.

Last month, fuel marketers hiked fuel pump prices to over N600/per litre.

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