Reports on the newly increased price come after NNPCL said it owed its suppliers more than six billion dollars in debt.
Reports earlier revealed a hike in the ex-depot price of the product seven hundred and fifty four naira per litre.
Speculations revealed the price was reviewed upward to reflect the global price and to reduce the debt burden on NNPCL.
However, NNPC spokesperson, Femi Soneye denied any adjustments in prices, stressing that the old price remains.
Leave feedback about this