New Fuel Price: NNPC seeks smooth movement of petroleum tankers nationwide

NNPC petrol station used to tell the story.
NNPC petrol station used to tell the story.

The Nigerian National Petroleum Corporation (NNPC) has called on security agencies to allow petroleum products tanker drivers move freely, despite the lockdown ordered by President Muhammadu Buhari in some parts of the country.

The federal government had earlier approved the reduction of the pump price of petrol to N125 from N145.

On Tuesday, however, the Petroleum Products Pricing and Regulatory Agency, again, reduced the pump price of petrol to N123.50 per litre from the current price of N125.

According to a statement signed by the corporation’ spokesperson, Jennie Obatero, on Tuesday, NNPC holds over 2.6 billion litres of petrol. This, it said, will be enough to last the period of the lockdown and beyond.

The lockdown as announced by Mr Buhari, on March 29, in a national broadcast, is observed in Lagos, Ogun and Abuja, and will be for 14 days.

The president, however, granted exemptions to some categories of “essential workers.”

On Tuesday, petroleum tankers headed to Lagos were stranded after police placed a blockade at the Lagos-Ogun boundary.

The corporation said the federal government counted on the support of the law enforcement agencies across the country to ensure smooth distribution of petroleum products across the nooks and crannies of the country during the period of the restriction.

Motorists were also urged not to engage in panic buying.



Coronavirus factsheet


Advertisement

PT Mag Campaign AD

All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate


TEXT AD: To advertise here . Call Willie +2347088095401...



BE THE FIRST TO KNOW! Subscribe to our newsletter

* indicates required

DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application