![L-R: Managing Director, BGL Securities Limited, Arnold A. Dublin-Green; Assistant Vice President, Financial Derivatives Limited, Dr. Ifeoma Nwokolo; CEO, Centre for the Promotion of Private Enterprise [CPPE], Muda Yusuf (speaker); Chairman of the Occasion, Chief Paul Usoro; Dean, Lagos Business School, Information Systems, Prof. Olayinka David-West; Managing Director/CEO, Financial Derivatives Company, Bismarck Rewane; Group Chief Branding & Communications Officer, Dangote Industries Limited, Anthony Chiejina at Dangote Petroleum Refinery & Petrochemicals IPO Roadshow tagged “Back to where it all began” in Port Harcourt. Rivers State on Monday, October 12, 2026…](https://pmparrotng.com/wp-content/uploads/2026/10/Dangote-imagee-180x135.jpg "As Dangote Refinery’s IPO Nears Close, Small Investors Take Center Stage")
The Nigerian National Petroleum Corporation (NNPC) has denied plans to increase fuel price from February.
There had been speculations the prices of petroleum products may go up next month as many filling stations sell petrol above the official N162 per litre.
But NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, told The Nation on phone there was no imminent upward review of the petrol price.
He said: “NNPC has not increased its ex-depot price. I am certain that NNPC is not likely to increase its ex-depot price in February”.
According to him, NNPC has a stock of petrol that can last over 40 days.
He allayed fears of scarcity of the product.
Obateru urged the Department of Petroleum Resources (DPR) to clampdown on the marketers hoarding petrol.
“We have sufficiency for almost forty something days. If people are hoarding or increasing their prices that one is for the DPR to look into,” he said.
Credit: thenationonlineng.net
