NNPC to maintain ex-depot PMS price until it resolves with Labour 

Posted by News Express | 27 March 2021 | 671 times

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•NNDC GMD, Mallam Mele Kyari
 
 
By CHIDI UGWU, Abuja
 
The Nigerian National Petroleum Corpora­tion (NNPC) has said it would maintain its current ex-depot price of Pre­mium Motor Spirit (petrol) until the conclusion of on­going engagement with the organised labour and other stakeholders.
 
In a statement issued to newsmen in Abuja, Dr. Ken­nie Obateru, the Group Gen­eral Manager, Group Public Affairs Division, said the Corporation, at the moment, was bearing the burden of importing refined petroleum products as the supplier of last resort to guarantee en­ergy security for the nation.
 
Shedding more light on the recent interview by the Group Managing Director, Mallam Mele Kyari, at the State House, Dr. Obateru stated that the NNPC has no intention to preempt ongo­ing engagement with labour by unilaterally increasing the ex-depot price of petrol, even though the Corporation is bearing the burden of price differentials between the landing cost and pump price of petrol.
           
He said as a proactive or­ganisation, NNPC has made arrangements for robust stock of petroleum products in all its strategic depots across the country to keep the nation well supplied at all times.
 
Dr. Obateru advised petro­leum products marketers not to engage in arbitrary price increase or hoarding of pet­rol so as not to disrupt the market.
 
He also urged motorists not to engage in panic buy­ing, stressing that NNPC was committed to ensuring ener­gy security for the country as the supplier of last resort.
 
He assured marketers and all other relevant stakehold­ers in the downstream sector of sustainable collaboration for the public interest. (Saturday Independent)


Source: News Express

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