Ike Amos 24 December 2017, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Sunday, said it has secured expedited…
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OpeOluwani Akintayo with Agency report 24 December 2017, Sweetcrude, Lagos — Nigeria’s crude oil witnessed “little activity” at the market…
Nipco commended NNPC Management as well as that of its subsidiary company, Petroleum Products Marketing Company (PPMC) for boosting petroleum products supplies, disclosing that Nigerians would soon feel the impact of NNPC intervention immediately.
“Right now, the landing cost of the PMS is N154. If you are importing at N305 to the dollar, by the time you add bank charges, it comes to N307 to the dollar. If you apply that to the current crude price, the landing cost is N154-N155. By the time you add all the margins, the pump price is about N160-N167.”
The meeting was held as criticism of the President’s handling of the crises continues to grow from several quarters, even as queues continued to increase at the few filling stations selling the product across the country.
“The key issue is a price war. The marketers have made representation to the Federal Government and the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, to allow price hike of petroleum products and leave the sector to market forces,” the report noted.
Mr. Buhari said he has directed the NNPC to do something about the crisis, which has left Nigerians stranded and sent prices of commodities through the roof.
“The commemoration of the birth of Jesus Christ is an important opportunity for us to show love to one another and encourage unity by spending quality time with our friends, families and the less-privileged. It is also an occasion to draw inspiration from the exemplary lifestyle and teachings of Jesus Christ, who constantly stood for what is right, true and honest.”
NNPC assured Nigerians to remain calm and not to engage in panic buying as the end of the challenge is nigh.
Marketers are strongly advised against hoarding as security agencies, working with industry regulators, would mete out appropriate sanctions to defaulters.
Mkpoikana Udoma 24 December 2017, Sweetcrude, Port Harcourt – Some motorists in Port Harcourt, the Rivers State capital, have commended the…
