The Nigerian National Petroleum Corporation has said the corporation would not alter petrol price until a resolution was reached on the matter by the involved parties.
This was revealed by the Group General Manager, Group Public Affairs Division, NNPC, Kennie Obateru, while answering question from the press.
He said, “We are waiting for the discussion between labour and the government to be concluded. That is, let them reach an amicable position. It is not NNPC that is holding the talks.
“We are the National oil company and so we just wait for the parties to complete that discussion. When a position is taken as to how best to implement the deregulation, it will be communicated to NNPC and then we can now take a position.
“But for now what we do is to implement whatever the government decides.”
It will be recalled that on Friday, the Minister of State for Petroleum Resources, Timipre Sylva has stated that there would be no price hike in June 2021.
Sylva, while reacting to the recommendation of the Nigeria Govetnors Forum, admitted that petrol subsidy had been a huge burden on government, but assured Nigerians that the cost of the commodity would remain at between N162/litre and N165/litre in June.
