July 7, 2022

Sanction Private Depot Owners Who Sell PMS Above The FG’s Approved Ex-Depot Price – Youth Alliance Tells NNPC

2 min read

The Integrity Youth Alliance has called on the Nigerian National Petroleum Company (NNPC) Ltd. to sanction any private depot owners who sell the product above the Federal Government’s approved ex-depot price of N148.17 per liter.

The Board Chairman of the Integrity Youth Alliance, Comrade Adewole Kehinde, disclosed this while on a tour of some filling stations in Nasarawa State on Thursday.

He said the management of NNPC Ltd should stop giving supplies to private depot owners who continue to violate the order.

Remember that President Buhari assured Nigerians a fortnight ago that subsidy removal would be postponed for the time being due to the impact on the Nigerian economy.

In the same vein, the Mele Kyari-led NNPC Ltd has come out to assure of sufficient supply of petroleum products in the national reserve.

“We call on the NNPC management to mandate the management of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to enforce the order by ensuring effective monitoring of private depot owners.

Adewole said that since the Federal government has not increased the fuel pump price, there was no justification for private depot owners to increase the ex-depot price.

He commended the Group Managing Director of the NNPC Ltd, Mal Mele Kyari, for taking the necessary steps to check the excesses of the private depot owners and urged NMDPRA to ensure total compliance with the NNPC directive so as to restore normalcy in the supply and distribution of petroleum products across the country.

Adewole called on Nigerians to be patient with the NNPC Ltd management as Nigeria is not the only country experiencing supply shortages and soaring prices of petroleum products. The UK, US, and European countries are undergoing supply challenges as well.

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