The NNPC Retail Ltd. says all its filling stations across Nigeria are selling Premium Motor Spirit (petrol) within the official price band announced for the month of April.
Dr Kennie Obateru, Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation (NNPC), made the clarification in a statement issued on Thursday in Lagos.
He quoted Sir Billy Okoye, Managing Director of NNPC Retail Ltd, as affirming the compliance of the filling stations to the band announced by the Petroleum Products Pricing Regulatory Agency (PPPRA).
Okoye said that all the company’s retail outlets adjusted to the new price immediately the pricing regulatory agency came up with the new price band of between ₦123.50 and ₦125.
The NNPC Retail boss explained that the company was the first in the country to comply with the PPPRA price advisory issued on March 19 by adjusting its pumps to ₦125 per litre from the old price of ₦145 per litre.
“Last week, the PPPRA announced the new pump price range of ₦123.50 to ₦125 for the month of April 2020.
“What this means is that all stations in Nigeria cannot sell below ₦123.50 and cannot sell above ₦125 per litre for the month of April 2020.
“NNPC Retail Ltd. is fully complying with the PPPRA directive as we are neither selling below ₦123.50 nor selling above ₦125 per litre in all NNPC Retail’s stations nationwide,” Okoye said.
He said NNPC Retail Ltd prides itself as the company with the best in terms of price, products quality and quantity (meter integrity) .
Okoye maintained that the company and its stations, being part of the NNPC, were owned by Nigerians and so would always strive to protect the interest of Nigerians.
He disclosed that the company was planning to extend its services to neighbouring West African countries.
According to him, having introduced its high quality lubricants into the market recently, its goal is to consolidate on that as a state-owned company for the economic benefit of Nigerians.
Okoye called on members of the public to always use any of the company’s feedback mechanisms well displayed at all its retail outlets to report any sharp practice.
He said that the management would not fail to sanction erring dealers.
Edited By: Fela Fashoro/Oluwole Sogunle
- Kuwait records 25,184 COVID-19 cases, 194 deaths
- Indian economy grows at slowest pace in 8 years in Jan-March, 11-year low for the fiscal year
- Anniversary: Gov. Emmanuel cautions supporters against 2023 politics
- 1,993 new COVID-19 infections detected in Qatar, totaling 52,907
- Turkey resumes limited mass prayers at mosques as virus curbs ease
- Kano Electricity Company warns customers against illegal reconnection
- Health histories, recent tests show COVID-19 likely circulating in U.S. before January — WSJ
- Turkey resumes judicial work as part of normalization plan
- Sri Lanka prepares disaster efforts ahead of southwest monsoon
- Russia to supply 1 mln COVID-19 test kits to foreign partners: PM
- Saudi Arabia’s COVID-19 cases increase to 81,766
- Tokyo to enter “2nd phase” of eased virus-linked restrictions despite uptick in COVID-19 cases
- Make Sanitary pads part of COVID-19 relief packages- Group
- Ghana’s COVID-19 cases reach 7,616 with 313 new infections
- U.S. personal spending plunges record 13.6 pct in April due to COVID-19 shutdowns
- Turkey inaugurates new hospital for COVID-19 patients in Istanbul
- Flooding: Ekiti LG warns residents against dumping refuse in drains
- Police arraign man, 26, over alleged fraud
- COVID-19 causes Portuguese GDP to fall 2.3 pct in Q1
- Attacks: Coalition appeals for emergency measures from Federal, Sokoto Govts