The Nigerian National Petroleum Corporation (NNPC) has debunked reports of reduction in pump price of petrol from N87 per litre to N57.
Describing the report as false, the oil firm advised the public to ignore it, insisting that petrol price remains N87 per litre.
Meanwhile, a major step towards ensuring zero fuel queues throughout the country ahead forthcoming Yuletide and beyond kicked off yesterday with a meeting between the Group Managing Director of the NNPC, Dr. Ibe Kachikwu and members of the Major Oil Marketers Association of Nigeria (MOMAN) alongside Depot and Petroleum Products Association (DAPPMA) at NNPC Towers, Abuja.
Its Group General Manager, Group Public Affairs Division, Mr. Ohi Alegbe, in a statement, explained that at the end of the meeting, NNPC and key downstream operators reached a consensus to work together to eliminate all obstacles that could hamper free flow of petroleum products across the country.
Addressing the stakeholders, Dr. Kachikwu said the issue of uninterrupted product supply and distribution across the country is of utmost importance to the present administration noting that the government is willing to do everything possible to ensure that members of the public do not go through any form of hardship in accessing petroleum products particularly petrol.
On outstanding payment to oil marketers, Dr. Kachikwu promised to work with other relevant Federal Government agencies to fast- track the payment, promising to arrange for a meeting with the relevant creditors (bankers) to ease pressure on marketers and extend the credit lines.
In Nigeria, once the price of any item goes up, we are quick to jack up the price even more than the percentage of increase, but UNFORTUNATELY, when the price of that same thing goes down, we NEVER come down. The law of what goes up must come down does not relate to Nigeria. I love my country, a place like no other!!!