Petrol still N87 per litre – NNPC debunks claims of price slash

Following rumours on social media that petrol now sell for N57 per litre,  The Nigerian National Petroleum Corporation on Monday stated that the pump price of petrol has not dropped from the official price of N87 per litre.

The NNPC said the reports of a price reduction is false and called on the public to disregard such tales.

Also the corporation is already taking steps to ensure there were not fuel queues across the country during the Christmas period as the Group Managing Director of the NNPC, Dr Ibe Kachikwu, and members of the Major Oil Marketers Association of Nigeria and Depot and Petroleum Products Marketers’ Association met in Abuja on Monday to find ways solution to the perennial problem

At the end of the session, the NNPC and operators agreed to work together to eliminate all obstacles that could hamper the free flow of petroleum products across the country during the period,  Ohi Alegbe spokesperson of NNPC said in a statement.

during the meeting, Kachikwu was quoted as stating that the issue of uninterrupted supply and distribution of petroleum products across the country was of utmost importance to the present administration.

He said the government was ready to do whatever it takes to ensure that members of the public did not go through any form of hardship in accessing petroleum products, particularly PMS.

He also promised to work with other relevant Federal Government agencies to fast-track the payment of the debt owed oil marketers.

He noted that several financing mechanisms were being explored to offset the debt to the oil marketers, hinting at the possibility of exploring the monthly payment option.

“In the future, we may explore some creative means to prevent backlogs,” Kachikwu added.

The Secretary General, MOMAN, Mr. Femi Olawore, commended Kachikwu for his support and stated that the marketers are ready to work with the Federal Government in ensuring zero fuel scarcity across the nation during the forthcoming Yuletide and even beyond.