NNPC Reveals Fuel Price Increase Not On The Cards

NNPC Reveals Fuel Price Increase Not On The Cards

Lai Mohammed, Minister for Information and Culture, says the Federal Government has given Ibe Kachikwu, Minister of State for Petroleum Resources, the "marching orders" to ensure that fuel queues at filling stations are eliminated before the week runs out.

In Kaduna, long queues have resurfaced at many filling stations in the state capital and other parts of the state, as most of the stations across the metropolis were shut down on Tuesday morning due to non-availability of petrol.

The solution to the lingering fuel crisis is for the Nigerian National Petroleum Corporation (NNPC) to stop supplying fuel to Depots and Petroleum Marketers Association of Nigeria (DAPMAN), the Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Chief Chinedu Okoronkwo, has said.

Also in the statement, the corporation informed Nigerians that there was no plan whatsoever to increase the prices of petroleum products, both at the ex-depot level and pump price. We are hoping and believing that when they resume production, we will be able to get products from their and distribute to all our outlets, " he said.

In Onitsha, the commercial city, most of the petrol stations visited had no queues but were selling at N150, while some sold at N155 per litre.

"Right now, we are having a total shortage of products because we are not getting supply from our depots". When I said that independent marketers need the product most, I'm talking in relation to numbers of marketers that are members of IPMAN.

"Before departing the country, Baru had directed that more truckloads of petroleum products be dispatched to various parts of the country to cushion the effects of excessive demand caused by panic buying".

Speaking after an investigative hearing on the matter yesterday, Chairman of the committee, Senator Kabiru Marafa, said the NNPC boss is to appear before the committee tomorrow. "We at PMB's Oil and Gas Progress commend Baru for the step he has taken", he said.

Marafa said the committee will also embark on oversight of filling stations across the country to check cases of fuel hoarding by petrol dealers.

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