NNPC: No plan to hike fuel price above N145 per litre


It also mandated the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu to end scarcity of the product before this weekend.

It's a familiar sight, our streets and roads lined with vehicles waiting for their turn to buy fuel from filling stations.

The FEC meeting which held in President Muhammadu Buhari's absence was presided over by Vice President Yemi Osinbajo.

The Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN) Kano state branch, Alhaji Ahmad Bashir Danmalam, said the scarcity was caused by private refineries that stopped the supply of the community to the state a few days ago.

The NNPC had on Monday stated that there was no plan to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming Christmas celebration.

But queues surfaced in most petrol stations in the cities as motorist engaged in panic buying.

Celtic will be unseeded in Europa League knock-out draw
The first-legs will take place on February 13/14 and 20/21 , with the second-leg games due to be played on March 6/7 and 13/14 . Is Lionel Messi the man to avoid in the Champions League knockout stages? I know what you're thinking.

Manchester City To Offer £50 Million For Alexis Sanchez In January
Per Cutts, Arsenal manager Arsene Wenger will opt to cash in, rather than lose him for free if he doesn't sign a new deal. The 28-year-old has not been on top form this season, with his contract set to expire at the end of the season.

Tottenham Hotspur v Apoel Nicosia
Of the three, Alderweireld is the most missed member on the North Londoners' medical table, having been forced with injury during Spurs' 3-1 win over Real Madrid over a month ago.

"The trucks have started loading the products and we hope by tomorrow when the commodity would have reached the filling stations, the problem will be over", he said.

Okoronkwo said NNPC is not only a regulator, but also the sole importer of fuel in Nigeria, stressing that the agency can not lie about its operation.

However, the NNPC in a statement from its Group General Manager, Public Affairs, Mr. Ndu Ughamadu, reiterated that there was no need for the sudden return of queues at petrol stations across the country, stating that it had enough stocks.

"We will also get these details from the filling stations to ascertain when last they got supplies and the quantity sold". When I said that independent marketers need the product most, I'm talking in relation to numbers of marketers that are members of IPMAN. There is always more demand for refined products for petroleum during winter period in the colder countries.

"However, given the seriousness of the matter, we chose to invite the GMD to come and brief on the development and to enable Nigerians know the situation of things".

"We hope he will be back by Thursday to tell Nigerians the true situation".