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

Mystery Donor Gives $130M to Pentagon for Troops' Pay, Sparking Backlash
Government

Mystery Donor Gives $130M to Pentagon for Troops’ Pay, Sparking Backlash

October 25, 2025
Who’s Paying for Trump’s $300 Million Ballroom?
Government

Who’s Paying for Trump’s $300 Million Ballroom?

October 25, 2025
Psychologist’s Grave Warning About Trump
Government

Psychologist’s Grave Warning About Trump

October 25, 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

Anambra 2021: The likely cause of APC’s colossal defeat

Anambra 2021: The likely cause of APC’s colossal defeat

4 years ago
Nigerian Stock Market Extends Gains for Fourth Consecutive Day

Nigerian Stock Market Extends Gains for Fourth Consecutive Day

1 year ago
BBNaija’s Soma Denies Abuse Allegations in Public Statement

BBNaija’s Soma Denies Abuse Allegations in Public Statement

11 months ago
The Lagos State Domestic And Sexual Violence Agency (DSVA) Arrested A Man for Assaulting His Son Over his Inability to Recite the Quran.

The Lagos State Domestic And Sexual Violence Agency (DSVA) Arrested A Man for Assaulting His Son Over his Inability to Recite the Quran.

2 years 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

Who’s Paying for Trump’s $300 Million Ballroom?

Psychologist’s Grave Warning About Trump

“I Am Not Done”: Kamala Harris Hints at 2028 Run, Defining Her Post-Presidency Path

Louvre Evacuates Jewels to Bank After Security Failure

Shina Peters Details Bizarre Plan That Helped Him Rebuild His Reputation

Sunderland​‍​‌‍​‍‌ Stun Chelsea with Late Winner to Climb Second in Premier League

Trending

Manchester United Hit Four Past Brighton to Seal Third Straight Premier League Win
Sports

Manchester United Hit Four Past Brighton to Seal Third Straight Premier League Win

byHashim Kolawole
October 25, 2025
0

Manchester​‍​‌‍​‍‌ United kept the good vibe going with Ruben Amorim by winning 4-2 against Brighton at Old...

Mystery Donor Gives $130M to Pentagon for Troops' Pay, Sparking Backlash

Mystery Donor Gives $130M to Pentagon for Troops’ Pay, Sparking Backlash

October 25, 2025
“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

“We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

October 25, 2025
Who’s Paying for Trump’s $300 Million Ballroom?

Who’s Paying for Trump’s $300 Million Ballroom?

October 25, 2025
Psychologist’s Grave Warning About Trump

Psychologist’s Grave Warning About Trump

October 25, 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

  • Manchester United Hit Four Past Brighton to Seal Third Straight Premier League Win
  • Mystery Donor Gives $130M to Pentagon for Troops’ Pay, Sparking Backlash
  • “We Want to Breathe”: Hundreds March in Tunis Over Worsening Pollution Crisis

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