NNPC is at it again!
Recent updates reaching us here at Naijauto about NNPC’s latest speculations on fuel price in Nigeria is not pleasant at all.
Gone were the days when Nigerians would buy PMS at ₦65 per litre. When it became ₦85 per litre, people were still lamenting, not to now talk of the current ₦145 per litre price. But, NNPC (National Petroleum Corporation) seems to be completely unaware of the “people’s cry” as they recently hint the public of a possible push up of this current price because they think it’s the cheapest in Africa for now.
Hinting people of possible fuel pump price increase like this usually leads to fuel “hoarding”
>>> Vandals & petrol thieves will become rampant when the fuel price goes higher: Vandals ignited fire, causing 2 dead & 30 cars burnt in Lagos pipeline explosion
On Wednesday 10th July 2019, Mele Hyari, the new GMD (Group Managing Director) of NNPC stated this during his Abuja visit to the National Assembly complex when speaking with the Senate President – Ahmed Lawan.
Kyari was quoted saying;
“The N145 per litre fuel price regime in Nigeria runs against the N350 per litre most of the other West African countries operate, encouraging smuggling.
“It is even very difficult for us to make the product available at N145,”
Reports also have it that NNPC has recently been lobbying and pushing that the National Assembly should speedily pass of its new laws that relate to the Nigeria oil & gas industry under claims that it would enhance performance.
Should Nigerians start preparing for possible PMS pump price increase above the current ₦145 per litre? No one knows yet!
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