Rumors gave made the rounds all day on the decision of the NNPC to reduce the fuel pump price from N87 to N57.
The NNPC released a statement asking members of the public to “ignore such tales”.
The NNPC spoke on recent plans to improve the efficiency of distribution ahead of Christmas even as fuel queues begin to build in Lagos.
The statement said the NNPC was exploring “creative solutions” to the problems of backlogs with oil marketers.