The Nigerian National Petroleum Corporation (NNPC) has debunked reports of a purported reduction in the current pump price of petrol from N87 per litre to N57.
In a statement signed by NNPC’s Group General Manger, Group Public Affairs Division, Mr Ohi Alegbe, in Abuja today, NNPC described the report as false and misleading.
The statement advised members of the public to ignore such tales, adding that the price of petrol remained N87 per litre.
It, however, stated that a major step to ensure zero fuel queues throughout the country ahead of the forthcoming yuletide and beyond had begun off today.
It stated that the steps were between the Group Managing Director of the NNPC, Dr. Ibe Kachikwu and members of the Major Oil Marketers Association of Nigeria (MOMAN) and the Depot and Petroleum Products Association, (DAPPMA).
As stated by the statement, NNPC and the key downstream operators reached a consensus to work together to eliminate all obstacles that could prevent the free flow of petroleum products across the country.
It stated the issue of uninterrupted supply and distribution of petroleum products across the country was important to the government.
The statement added that government was willing to take measures to ensure that members of the public did not go through any form of hardship in accessing petroleum products.
The statement also stated that Kachikwu promised to work with other relevant Federal Government agencies to fast track the outstanding payment to oil marketers.
It stated Kachikwu promised to arrange for a meeting with the relevant creditors (bankers) to ease off pressure on marketers and extend the credit lines.
It stated that several ficing mechanisms were being explored to offset the commitment to oil marketers.
The statement stated that the Secretary-General of MOMAN, Mr Femi Olawore, commended the GMD for his support.
It stated that Olawore pledged the readiness of the marketers to work assiduously with the government in ensuring zero fuel scarcity across the nation.
It stated Olawore called on NNPC GMD to facilitate the emergence of a special committee to verify and authenticate the current national fuel consumption figure of 40 million litres per day.
The statement also stated Chief Dapo Abiodun, Chairman of DAPPMA, commended the NNPC for its improved services at various product loading facilities and urged the management to sustain the tempo (