NNPC issues articulation on increase in costs of oil based commodities.

Today, the Nigerian National Petroleum Corporation (NNPC) in Abuja reaffirmed that there was no arrangement to expand the costs of oil based commodities.

In an announcement, Ndu Ughamadu, the organization's Group General Manager, Public Affairs Division, said there was no arrangement to expand costs at the ex-station level and direct cost in front of the expected yuletide.

In spite of the fact that there had been a break between the Independent Marketers Association of Nigeria and the Depot and Petroleum Marketers Association over disparities in ex-warehouse costs of oil based commodities.

Ughamadu said that the ex-stop petroleum cost of N133.38 per liter and draw cost of N143/N145 per liter had not changed. He guaranteed the general population that the organization had enough load of oil based goods to guarantee consistent supply and dispersion of items the nation over, particularly amid the yuletide.

"The NNPC has the full responsibility of every downstream partner, including oil advertisers and industry unions to collaborate in accomplishing zero fuel shortage this season and past. We urge drivers not to take part in freeze purchasing or enjoy the risky routine with regards to stocking oil based commodities in jerry jars at home. The Petroleum Products Marketing Company and NNPC Retail Limited are completely equipped to guarantee that drivers appreciate continuous access to oil all through the country,'' Ughamadu said.