Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Government

No Fuel Hike on the Horizon: Marketers, NNPC Urge Calm Amidst Price Rumours

Pump Price Panic Unnecessary, Say IPMAN and NNPC

Eriki Joan UgunushebyEriki Joan Ugunushe
January 4, 2024
in Government
0
No Fuel Hike on the Horizon: Marketers, NNPC Urge Calm Amidst Price Rumours
Share on FacebookShare on TwitterShare on Whatsapp

Lagos, Nigeria – Fear of soaring fuel prices gripped Nigerians this week after rumours of a N1,200-per-litre pump price for petrol, also known as Premium Motor Spirit (PMS), went viral. However, both the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigerian National Petroleum Company Limited (NNPC) have swiftly come out to dispel these speculations, urging the public to stay calm and avoid panic buying.

Table of Contents

Toggle
  • Clash of Words Fuels Rumours
  • No Price Hike Planned, Marketers Reassure
  • NNPC Echoes Marketers’ Message
  • A Cautionary Note

Clash of Words Fuels Rumours

Reports of a disagreement between fuel marketers and the NNPC, allegedly over the continuation of fuel subsidies, sparked the price hike chatter. The rumoured discontinuation of subsidy payments was said to be the reason behind the proposed N1,200 price tag.

No Price Hike Planned, Marketers Reassure

IPMAN Public Relations Officer, Okanlawon Olanrewaju, took to Channels Television’s Sunrise Daily to categorically deny any plans for a fuel price increase. He emphasized that neither IPMAN nor NNPC has issued any signal suggesting a price hike.

“As far as the independent marketers are concerned, we don’t have plans or intentions to increase the fuel pump price,” he declared. “There is no basis for that for now. There is no signal from NNPC that we should increase. So, we cannot do that on our own except NNPC comes out and says we’re going to increase the pump price. On our own, there is nothing like that.”

He further urged Nigerians to refrain from panic buying, assuring them that the rumours are unfounded.

No Fuel Hike on the Horizon: Marketers, NNPC Urge Calm Amidst Price Rumours

NNPC Echoes Marketers’ Message

Reinforcing this message, NNPC spokesperson Olufemi Soneye also issued a statement assuring the public of no imminent fuel price increase. He urged Nigerians to disregard the “unfounded rumours” and affirmed that there are no plans for a pump price review.

“Motorists nationwide are advised against engaging in panic buying, as there is presently ample availability of PMS across the country,” the statement elaborated.

Furthermore, NNPC refuted claims of any clash with IPMAN, reiterating that fuel subsidies were completely removed months ago following President Bola Tinubu’s announcement.

A Cautionary Note

While both IPMAN and NNPC have dispelled the rumours, it is crucial to remember that fuel prices can fluctuate due to various economic factors. However, as of today, there is no official indication of an imminent price hike. Nigerians are advised to stay informed by relying on verified sources of information and avoid succumbing to panic buying based on unconfirmed reports.

Tags: federal charactergovernmentNewsNigeriaNNPC Urge Calm Amidst Price RumoursNo Fuel Hike on the Horizon: Marketers
Eriki Joan Ugunushe

Eriki Joan Ugunushe

Eriki Joan Ugunushe is a dedicated news writer and an aspiring entertainment and media lawyer. Graduated from the University of Ibadan, she combines her legal acumen with a passion for writing to craft compelling news stories.Eriki's commitment to effective communication shines through her participation in the Jobberman soft skills training, where she honed her abilities to overcome communication barriers, embrace the email culture, and provide and receive constructive feedback. She has also nurtured her creativity skills, understanding how creativity fosters critical thinking—a valuable asset in both writing and law.

Related Posts

Baltimore City Offering Grants to Redevelop Vacant Homes
Government

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Who’s Paying For Brandon Scott’s New Car?
Government

Who’s Paying For Brandon Scott’s New Car?

October 4, 2025
Why Trump Shut Down the Government
Government

Why Trump Shut Down the Government

October 3, 2025
Next Post
WTT Men’s Finals: Quadri Of Nigeria Upsets World No. 5 Calderano

WTT Men's Finals: Quadri Of Nigeria Upsets World No. 5 Calderano

FC Barcelona Releases The Team For Their La Liga Encounter With Las Palmas

FC Barcelona Releases The Team For Their La Liga Encounter With Las Palmas

Sierra Leone Ex-President Gets Charged With Treason Over Attempted Coup

Sierra Leone Ex-President Gets Charged With Treason Over Attempted Coup

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

A Female Student was Discovered Dead in Bauchi Varsity Bathroom

A Female Student was Discovered Dead in Bauchi Varsity Bathroom

1 year ago
Yul Edochie celebrate son from second wife

Yul Edochie celebrate son from second wife

3 years ago
Champions League Drama Unfolds: Tantalizing Quarter-Final Pairings Revealed!

Champions League Drama Unfolds: Tantalizing Quarter-Final Pairings Revealed!

2 years ago
Air Peace Port Harcourt runway incident ends with zero casualties

Air Peace Port Harcourt runway incident ends with zero casualties

3 months ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Democrats Dump AIPAC: The Lobby No One Wants Anymore

Who’s Paying For Brandon Scott’s New Car?

Seyi Shay Reveals Truth Behind Fallout With Tiwa Savage

Rice Haunts Former Club as Arsenal Overcome West Ham to Go Top

Trending

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
Business & Finance

Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina

byEriki Joan Ugunushe
October 4, 2025
0

As a result of the tariffs imposed under President Trump’s administration, China, once the biggest buyer of...

Baltimore City Offering Grants to Redevelop Vacant Homes

Baltimore City Offering Grants to Redevelop Vacant Homes

October 4, 2025
Is Italy's Government "Nervous" as Gaza Protests Put Pressure on Meloni

Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

October 4, 2025
Why Were Dozens of Flights Canceled at Amsterdam's Schiphol Airport

Why Were Dozens of Flights Canceled at Amsterdam’s Schiphol Airport

October 4, 2025
Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

Estêvão Strikes Late as Chelsea Stun Liverpool at Stamford Bridge

October 4, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • Trumps Tariffs Wipes U.S Soybeans Exports as Aid Aids Argentina
  • Baltimore City Offering Grants to Redevelop Vacant Homes
  • Is Italy’s Government “Nervous” as Gaza Protests Put Pressure on Meloni

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com