The Nigerian National Petroleum Company (NNPC) Limited has refuted rumors about its intention to raise the price of petrol to N1,200 per litre.

Reports on Wednesday emerged that NNPC will announce a new increase in the price of fuel across the country.

But reacting to the report which has generated mixed reactions, NNPC said there are no plans to hike the price of fuel.

The statement which was signed by the NNPC, Group Communications, Officer, Olufemi Soneye read, “NNPC Ltd emphasises it has not clashed with any party. The Punch headline is deemed unfortunate.

“The publication sought confirmation on the alleged subsidy reduction, to which NNPC responded that the subsidy has been entirely removed.”