The Nigerian National Petroleum Corporation (NNPC) has invalidated speculations concerning the reduction in pump price of petrol from N87 per litre to N57.
NNPC while describing the report as false, insisted that petrol price remains N87 per litre.
Meanwhile, the corporation,in a meeting, on Monday, October 12, took a major step towards eliminating fuel queues throughout the country ahead of the forthcoming Yuletide.
The meeting was between the Group Managing Director of the NNPC, Dr. Ibe Kachikwu and members of the Major Oil Marketers Association of Nigeria (MOMAN) alongside Depot and Petroleum Products Association (DAPPMA) at NNPC Towers, Abuja.
Its Group General Manager, Group Public Affairs Division, Ohi Alegbe, in a statement, explained that at the end of the meeting, NNPC and key downstream operators reached a consensus to work together to eliminate all obstacles that could hamper free flow of petroleum products across the country.
