Pump price reduction not in sight nnpc

It seems like you're referring to the recent news about the Nigerian National Petroleum Corporation (NNPC) not planning to reduce the pump price of petroleum products in the near future.

According to reports, the NNPC has stated that the current pump price of N162 per liter for petrol is still viable and that there are no plans to reduce it. This decision was made after a review of the current market situation and the corporation's financial situation.

The NNPC cited several reasons for this decision, including the high cost of crude oil, the devaluation of the naira, and the need to maintain the corporation's financial sustainability. The corporation also emphasized that the current pump price is still below the international market price of petrol.

However, this decision has been met with criticism from some stakeholders, who argue that the current pump price is still too high for many Nigerians and that a reduction would be beneficial for the economy. Others have called for a more transparent and accountable pricing mechanism to ensure that the benefits of the oil industry are shared fairly among all stakeholders.

It will be interesting to see how this situation develops and whether the NNPC's decision will be reviewed in the future.