News
NNPC MD breaks silence on increase in fuel price
,,,,,The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, says market forces are responsible for the rising pump price of Premium Motor Spirit (PMS) known as petrol.
Kyari spoke on Tuesday afternoon after a meeting with Vice President Kashim Shettima at the Aso Rock.
,,,,,He said with deregulation of the oil sector, market realities will force the price of petrol up sometimes and at other times force it down.
The NNPCL boss said the increase in the,,,,,pump price per litre of petrol from N540 to N617 is not a supply issue, assuring Nigerians that the country has “robust supply” of the vital commodity.
,,,,,,Kyari said Nigeria has over 32 days of supply and not short of petrol.
-
Osun News5 days agoArrested OSTMS Chairman, Alowonle On Life Support, As Govt Seeks Prosecution Head of Anti-Kidnapping Squad
-
Politics7 days agoOndoDecides: See official results collated per Local Government
-
Politics6 days agoTinubu sacks top government official, names replacement (photos)
-
Osun News5 days agoPolice Arrest Gov Adeleke’s aide, Alowonle
-
Politics7 days agoOGSIEC Announces 2024 Local Government Election Results
-
Health7 days agoReasons you should never microwave these five foods (List)
-
Foreign5 days agoCanadian Govt Takes Fresh Action On Study Permits, Permanent Residency For Foreign Students
-
Osun News2 days ago“Call Olufon of Ifon-Osun to order before he causes another round of bloody clash” – Olobu-in-Council tells Gov Adeleke