The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Mallam Mele Kyari at the end of a closed door meeting with Petroleum Transport Drivers (PTD), National Association of Road Transport Owners(NARTO) and oil marketers in Abuja on Monday disclosed that there will be no increase in the ex-depot price of Premium Motor Spirit in the month of May despite the rising price of crude oil in the international market.
Tanker drivers had on March 29 issued a notice of industrial action citing poor remuneration and other hardship as reasons for their action.
But speaking after the meeting, Kayri said: “We want to inform oil marketing companies that NNPC will not increase the pump price of PMS in May.
I am giving the assurance and I ask Nigerians to go about their normal businesses; we have over 20 billion litres of petrol in our custody.”
“Many of you are aware of this and with the assurance from 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.”
Ada Peter
