On Monday, 19th of April, 2021, the NNPC GMD, Mele Kyari assured Nigerians that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly known as Petrol in May. Kyari also added that Petroleum Tanker Drivers had suspended their proposed strike after the intervention of NNPC in the impasse between the PTD and the National Association of Road Transport Owners.
“We have given our commitment to both NARTO and PTD that we will resolve the underlining issue between them and come back to the table within a week so that we’ll have a total closure of the dispute,” he said.
Fuel queues: NNPC increases daily PMS truck-out from 550 to 1,661 tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
Petrol Landing Cost Hits ₦216, Daily Subsidy Now ₦4 64 Billion niyitabiti.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from niyitabiti.net Daily Mail and Mail on Sunday newspapers.
Punch Newspapers
Sections
Published 19 April 2021
The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday announced that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol, in May.
NNPC has maintained an ex-depot price of N148/litre since February despite the hike in the actual cost of the commodity, hence incurring subsidy of over N120bn monthly.
Ex-depot price is the cost of petrol at depots, from where filling stations purchase the commodity before dispensing to final consumers.
NNPC is the sole importer of petrol into Nigeria for more than three years now.