The Nigerian National Petroleum Corporation, NNPC, says the Federal Government is not in a hurry to increase the price of Premium Motor Spirit (petrol) to reflect current market realities, insisting the clarification became necessary to assure Nigerians despite the huge burden of under-recovery.
Fresh Angle International can report that the Hon. Minister of State for Petroleum Resources, Chief Timipre Sylva, gave the assurance in a statement released today, Friday May 21.
The statement noted: “The current price of petrol will be retained in the month of June until the ongoing engagement with organized labour is concluded.
“This clarification becomes necessary in the light of recent reports regarding the resolution of the Nigeria Governors Forum to increase the pump price of petrol.
“In this regard, I would like to strongly urge petroleum products marketers not to engage in any activity that could jeopardize the seamless supply and distribution system in place.
“I also urge members of the public to avoid panic buying because the Nigerian National Petroleum Corporation (NNPC) has enough stock of petroleum products to keep the nation wet”.
Copyright: Fresh Angle International (www.freshangleng.com)
ISSN 2354 - 4104
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Josephine Ojevwe Ughweri
Librarian cum OIl and Gas Correspondent of Fresh Angle International Newspaper. I am a graduate of Library and Information Science, while I have undergone training in Advance Writing and Reportorial Skills.
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