The Nigerian National Petroleum Corporation (NNPC) has said
it will maintain its current ex-depot price of petrol until the
conclusion of ongoing engagement with the organized labour
and other stakeholders.
Addressing newsmen in Abuja, the Group General Manager,
Group Public Affairs Division, Dr. Kennie Obateru, said the
Corporation, at the moment, was bearing the burden of
importing refined petroleum products as the supplier of last
resort to guarantee energy security for the nation.
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Giving more explanation on the recent interview by the Group
Managing Director, Mele Kyari, at the State House, Obateru
stated that the NNPC has no intention to preempt ongoing
engagement with labour by unilaterally increasing the ex-depot
price of petrol, even though the Corporation is bearing the
burden of price differentials between the landing cost and
pump price of petrol.
He said as a proactive organization, NNPC has made
arrangements for robust stock of petroleum products in all its
strategic depots across the country to keep the nation well
supplied at all times.
Obateru advised petroleum product marketers not to engage in
arbitrary price increase or hoarding of petrol so as not to
disrupt the market.
He also urged motorists not to engage in panic buying,
stressing that NNPC was committed to ensuring energy
security for the country as the supplier of last resort.
He assured marketers and all other relevant stakeholders in the
downstream sector of sustainable collaboration for the public
interest.
https://dailytrust.com/petrol-price-remains-n165-as-nnpc-maintains-ex-depot-price
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