NNPC receives knock over decision to increase fuel prices less than 24 hours after welcoming subsidy

Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation

The Nigerian National Petroleum Commission NNPC, has received criticisms from Nigerians following their decision to increase fuel prices at their various outlets across the country.

Less than 24 hours after welcoming the fuel subsidy as announced by the President Bola Ahmed Tinubu during inaugural speech, the NNPC led by Mele Kyari took to social media to inform customers on their decision to increase the fuel prices.

In a statement released on Wednesday, May 31, by Garba Deen Muhammad, the Chief Corporate Communications Officer, he apologised for the inconveniencies caused to the citizens.

"NNPC Limited wishes to inform our esteemed customers that we have adjusted our pump prices of PMS across our retail outlets, in line with current market realities.

As we strive to provide you with the quality service for which we are known, it is pertinent to note that prices will continue to fluctuate to reflect market dynamics.

We assure you that NNPC Limited is committed to ensuring a ceaseless supply of products.

The company sincerely regrets any inconvenience this development may have caused.

We greatly appreciate your continued patronage, support, and understanding during this time of change and growth."

Reacting to the change by the NNPC, some aggrieved Nigerians took to the social media to share their thoughts on the development.

Many are also demanding for the NNPC to publicly state the new price of fuel.

If it's adjusted based on current realities and the subsidy removal hasn't been implemented yet, does that mean when it gets implemented the price will go up again??? Why are you people moving mad
— BDM The Blogger???? (@Blackdotmandy) May 31, 2023

Whoever wrote this did rubbish?

Adjusted from what to what?

It has to be clear...

All these shalaye aren't necessary

"We adjusted the pump price of PMS from X naira to Y naira".
Is that too much to do?
— Ridbay ﺍًًًًًًًًًًًِِِِِِِِِِِِِِ AlgoRidm (@ridbay) May 31, 2023

So what happens to the C of O of the gas stations that were revoked yesterday cos they increased their pump price based on BAT statement. Since it is official now. We live in a dysfunctional society. The government lacks direction
— Nimble (@shyna4me) May 31, 2023

Can we have the new price lists? Be specific about the adjustment.
— SUÑÑÉ (@iam_softkey) May 31, 2023

New prices are on their stations already.
There is subsidy budget up to June 2023 but without funding from government since beginning of the year according to NNPC, so why not just cut your loss immediately, why wait for another 30days?
— GAS - #WeAreWhatNigeriaIs! (@shittu10) May 31, 2023