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Plateau residents express shock over NNPCL’shikein petrol pump price

Written by on July 18, 2023

The Nigeria National Petroleum Company Limited has jerked up its petrol pump price to N617 per litre from N537.

Reacting to the recent development, residents in Jos the Plateau state capital expressed shock and displeasure.

Commenting on the development, the national operations controller, of the Independent Marketers Association of Nigeria, IPMAN, Mike Osatuyi, said the low value of the Naira is currently impacting the petrol market.

Meanwhile, reports indicate that many motorists  have rushed to buy petrol as the price hike begins to spread to  cities across the country.

In a related development, the Group Chief Executive Officer of the Nigerian National Petroleum Company  Limited, Mele Kyari, says market forces are responsible for the rising pump prices of Premium Motor Spirit  known as petrol.

Kyari spoke today after a meeting with Vice President Kashim Shettima at Aso Rock, Abuja.

He said with deregulation of the oil sector, market realities will force the prices of petrol up sometimes and at other times force the prices down.

The NNPCL boss said the increase in the price from over N500 to N617 is not a supply issue, assuring Nigerians that the country has robust supply of the vital commodity.


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