PETROL: We’ll not change price in May despite rising oil prices — NNPC
Mallam Kyari disclosed this at the end of a closed-door meeting with Petroleum Transport Drivers, PTD, National Association of Road Transporters Owners, NARTO, and oil marketers in Abuja on Monday, this week.
“Many of you are aware of this and with the assurance with tanker drivers and NUPENG, there is no need for panic buying of the product. Petrol will be available in all the depots in the country including NNPC dispatched depot across the country, so nobody should panic in buying the product.”
“We also have a robust engagement with our oil marketing partners in respect of increase in the volume product that is check in the Nigerian market.
“We have agreed to work jointly with all the security agencies to contain any possible infractions seen on our borders. We will work as a team to curtail this fraudulent practice with the help of the security agencies.”
He explained that the meeting also discussed issues on payment by Petroleum Equalisation Fund (PEF) to oil marketing companies. He said that all stakeholders agreed in making PMS available to marketers.
Similarly, Alhaji Yusuf Othman, NARTO President, commended the NNPC for the intervention and assured that within the next seven days, things will normalise in the adjustment of allowances of PTD.
“We hope that within the next seven days, things will normalize and I want to assure Nigerians that we are committed to it.”
Speaking at the 21 Annual General Meeting of the National Association of Road Transport Owners, NARTO, the Executive Secretary of the Petroleum Equalisation (Management) Board, PEF, Alhaji Ahmed Bobboi had said the agency was waiting for the Federal Government approval before it would commence its implementation.
He noted that the government was also waiting for labour unions to get back to it as the increase was among the general agreement reached by the joint committee set by the government on the hike in the price of petrol and electricity.
