Iammercy2018:
Baru passed this instruction few hours after an NNPC station was shut down in Abuja by the Department of Petroleum Resources (DPR) for selling petrol at N181 per litre.

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Maikanti Baru has asked Nigerians not to buy petrol above the government-approved price of N145 per litre.
Baru passed this instruction few hours after an NNPC station was shut down in Abuja by the Department of Petroleum Resources (DPR) for selling petrol at N181 per litre.

Baru added that some oil marketers are cheating on the public, though they are carrying NNPC logo.

Baru spoke on the sidelines of the induction of the Founder/Group Managing Director, Arco Group Plc, Alfred Okoigun, as an honorary member of the Nigerian Academy of Engineering (NAE) in Lagos.

He said the NNPC has sanitized the supply and distribution of petroleum in the country.

"We have brought back sanity in the fuel supply system. We have over 2.1 billion litres of petrol in-tank at the moment and people should be calm and be sure that the right quantity is given to them at the filling station at N145 per litre that the government has approved to be the sale price of PMS.”

He added that Okoigin is a remarkable entrepreneur and that his service to the market is important. Also, he guaranteed indigenous companies of the corporation’s support.

He said “What it takes to run the economy is to have entrepreneurs who are ready to bring innovations to the market. The Nigerian market will have a lot to benefit by bringing to the market the various inventions. The fact that they are going to set up manufacturing plants and equipment and produce these inventions to be used locally will have a multiplying effect.”

Okoigun said the fellowship award would aid him to give more support to the engineering profession. “This is an encouragement for me. It is a challenge that I should do more and it also represents the excellent work that Arco is doing.”

According to the president, NAE, Mrs. Joana Maduka, the academy is putting all efforts to increase investors/inventors’ rapport.

http://saharareporters.com/2018/04/13/dont-buy-petrol-above-approved-pump-price-n145-litre%E2%80%93-nnpc-gmd

Sagamaje:
Tell Buhari the old fool to return the price of PMS back to its abi initio price I.e 87. Anyone that supports Foolhari needs brain surgery. May Amadioha strike all his Media Cows

clems88:
Fuel pump price reduced but transport companies refuses to crash down d price of transportation .
Naija which way .

tragergeorge:
the next person wen go enter go carry am go 200 ,if na lie bet me....... Each govt de normally get their normal increase ,and we the masses go make our normal small noice but we go still buy am,,,,ask obasonjo the price e met petrol

Sagamaje:
Tell Buhari the old fool to return the price of PMS back to its abi initio price I.e 87. Anyone that supports Foolhari needs brain surgery. May Amadioha strike all his Media Cows

OyinO:
Even N145 is way too high. This is major oil producing nation. What would've happened if we didn't have oil? Stoopid mofos!

Jaykolo10:
You and the daura man.. all of you will be sent packing soon... and before and after that God will punish of you according to your foolish works... before you came into power fuel was available at an affordable rate now you're in power fuel is not even available talk less of being affordable... and you're still sounding warnings... again God will punish all of you one by one......

Paperwhite:
This NNPC contract crook is just waking up right As if they can force the marketers to sell @ normal pump price when they're forcing the subsidy scam on them through the back door.Useless government.

Cromcruach91:


With which money, dear boy?

Where is the cash to subsidze the fuel to N87 per liter.

That is what GEJ tried to tell you people in 2012....when he increased prices from N65 to N140...that the subsidy cash was running out...and we won't be able to keep it up. you jokers protested...and GEJ brought it back partially....reducing it to N97...but by 2013...N97 was only applicable in Lagos and Abuja..because forcing marketers to sell at that price made them sell at a loss.And it was a big part of the reason why we could not save much under GEJ's regime...we were throwing money down a bottomless pit in the name of subsidy.

If Buhari lsitens to you and forces the price of fuel back to N97....it would be a big economic mistake. Essentilaly, all petrol markleters would be losing as much as N30-100 per liter of fuel sold...which would be a disaster. Jobs would be lost...and the only source of fuel would be the black market.

Face facts....Bubu may be a bad economist...but criticising him for refusing to tell people how to sell their wares in the market place? Hmm...you need to go and reread your economics, son.