News

NNPC speaks on petrol price increase in May

Mele Kyari

Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, has insisted there would be no rise in the ex-depot price of Premium Motor Spirit (PMS), popularly called petrol, in May.

NNPC has maintained an ex-depot price of N148/litre since February, despite the hike in the actual cost of the commodity and incurred subsidy of over N120bn monthly.

The NNPC tweeted these via its official Twitter handle on Monday.

It said, “Following GMD #NNPC Mallam @MKKyari’s intervention in the National Association of Road Transport Owners/Petroleum Tanker Drivers impasse, PTD has just announced the suspension of its planned strike until closure of discussion between both parties.

“Also, the GMD announced that there would be no increase in the ex-depot price of Premium Motor Spirit in the month of May 2021.”

Kyari also announced on Monday, that Petroleum Tanker Drivers had suspended their proposed strike after the intervention of NNPC in the impasse between the PTD and the National Association of Road Transport Owners.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

To Top