Mele Kyari, group chief executive officer of Nigerian National Petroleum Corporation Limited, allayed Nigerians' concerns on Thursday over the country's escalating prices for Premium Motor Spirit, also known as gasoline.


The head of[b] NNPC[/b] predicted that competition between significant participants in the oil industry would drive down gasoline prices rather than the increasing trends that have sparked concern in the nation.

Emmynet24 Reports that lines have formed again at gas stations across the nation as a result of the recent hike in the price of gasoline at the pump brought on by the end of petroleum subsidies.



The NNPC announced earlier on Wednesday that it had changed the price of gasoline at the pump to reflect market conditions. However, the agency omitted to announce the updated petrol pricing.

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https://www.emmynet24.com/2023/06/fuel-prices-will-decrease-according-to.html