Monday, 12 October 2015

NNPC comments on reduction of fuel price from 87 to 57

The Nigerian National Petroleum Corporation (NNPC) has debunked reports in social media of a purported reduction in current pump price of petrol from N87 per Litre to N57.
The corporation in a statement described the report as false, advising members of the public to ignore such tales noting that the price of petrol remains N87 per litre.
Meanwhile, the Group Managing Director of the NNPC, Dr. Ibe Kachikwu met with members of the Major Oil Marketers Association of Nigeria, MOMAN alongside the Depot and Petroleum Products Association (DAPPMA) at the NNPC Towers, Abuja.
The meeting is a major step towards ensuring zero fuel queues throughout the country ahead of the forthcoming yuletide.
At the end of the session, the NNPC and the key downstream operators reached a consensus to work together to eliminate all obstacles that could hamper the free flow of petroleum products across the country.
Addressing the downstream stakeholders, Dr. Kachikwu said that the issue of uninterrupted supply and distribution of petroleum products across the country is of utmost importance to the present administration noting that government is willing to do everything possible to ensure that members of the public do not go through any form of hardship in accessing petroleum products particularly PMS.
On the protracted subject of outstanding payment to oil marketers, Dr. Kachikwu promised to work with other relevant Federal Government agencies to fast track the payment of the outstanding numbers, promising in the interim to arrange for a meeting with the relevant creditors (bankers) to ease off pressure on marketers and extend the credit lines.

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