Nigerian National Petroleum Corporation (NNPC) has hinted that the pump price of (PMS) may go up soon as the N145 pump price is the cheapest in West Africa.
Mele Kyari, NNPC’s new Group Managing Director (GMD), made this known yesterday during a visit to Senate President Ahmed Lawan at the National Assembly complex, Abuja.
In his words:
“The N145 per litre fuel price regime in Nigeria runs against the N350 per litre most of the other West African countries operate, encouraging smuggling.
“It is even very difficult for us to make the product available at N145,” he said.
NNPC also spoke on the laws relating to the oil and gas industry, saying it will ensure that the National Assembly delivers speedy passage of these laws as this will enable a legal framework for the growth of the oil and gas sector.