*Argentina accounts for 23.2mt Ike Amos 02 February 2019, Sweetcrude, Abuja — Nigeria, despite the abundance of gas in the…
Browsing: Petroleum Products Pricing Regulatory Agency
“The chairmen of the harmonisation committee from both the House of Representatives and that of the Senate, and members of the committee have already been named. So, I do not think there would be any issue arising from the internal efforts of the National Assembly,” he stated.
“This 8th Senate is here to expose every corruption in the system, irrespective of how highly-placed those involved are, and therefore, the reason for this public hearing today. This unconstitutional and illegal practice must be addressed and we are not going to rest until it is fully addressed.”
The corporation called on the Senate Downstream Committee to assist in ensuring that the outstanding debt was settled to enable NNPC effectively achieve its obligation as the supplier of last resort to the downstream sector.
The Economic Crime Unit of Lincolnshire Police said it had been conducting a major investigation with the National Health Service involving offences of fraud and money laundering in excess of £13 million.
“As part of this committee’s work, we are also reviewing that template to see whether there are things we need to do to help us ensure that we can accommodate sales at the N145/litre window. So, that is also going to be looked into. The PPPRA is working on that and is heading a special committee on it.”
Kachikwu accused some marketers of illegally maximising profit by diverting fuel meant to be supplied in Nigeria.
“Those marketers that have hidden products in odd locations, you better bring them out and sell to the public at N145 per liter maximum. If NNPC sold it to you at N133.28, you have sufficient margin within that ambit to be able to supply and sell to the public at maximum N145 per liter.”
“Any depot or filling stations that hoard products, we have been directed that it should be sold freely to Nigerians. Of course, the genesis of the whole problem was the proposed increase in price, but we have debunked that and people should not indulge in panic buying.”
“The situation in Lagos is improving and is expected to get better by Friday (today). In Abuja, the queues are expected to thin out completely by the weekend. We also expect the Kaduna area to be served by the Kaduna refinery and other reserves,” he observed.
