Threats by the Lagos chapter of the Independent Petroleum Marketers Association of Nigeria to withdraw its services in Lagos and its environs over alleged discrepancies in the ex-depot price of petrol, has forced the Nigerian National Petroleum Corporation NNPC to assure stakeholders of no imminent increase in PMS price.
General Manager Group Public Affairs Division of the NNPC, Ndu Ughamadu in s statement Thursday said it had not increased the ex-depot price of Premium Motor Spirit, popularly known as petrol. Ughamadu assured that there was enough product to keep the country running till the end of the year and beyond.
The statement also stressed that the Ejigbo Satellite Depot was fully stocked and carrying out regular loading services. The corporation said the Ejigbo depot had consistently dispensed petrol at the approved price of N133.28 per litre, contrary to allegations that it was being sold at a higher price.
The NNPC said there was enough petroleum products in the country to last till the end of the year and that 25 vessels laden with petroleum products were also being expected to berth between now and January 2018 to further boost supplies.
Members of the public have been urged not to entertain any fear or engage in panic buying of petroleum products as there was enough to keep the country well supplied.
It stated that the appropriate government agencies had been contacted to settle the rift between IPMAN and the Depot and Petroleum Products Marketers Association.
Meanwhile, former President Olusegun Obasanjo on Thursday lauded the management of the NNPC for the newly constructed ultra-mega station in Sagamu, Ogun State.
Obasanjo, who was represented by Chief Idowu Akanle at the inauguration of the facility, said: “Besides ensuring that Nigerians enjoy adequate supply of petroleum products close to their homes and at affordable prices, this initiative is also a means of creating jobs and boosting the economy to ensure that the lives of many Nigerians are touched in many positive ways,”