The Group Managing Director, GMD, Nigerian National Petroleum Company, NNPC, Limited Mele Kyari says market forces is responsible for the increase of petrol price.
Nigerians, on Tuesday, woke up to the shocking news that petrol pump price has risen to N700 per litre.
NNPC dispensing stations have adjusted their prices to N613 per litre, while independent petroleum marketers are now selling for N700 per litre.
Speaking on Tuesday after meeting with Vice President Kassim Shettima in Aso Rock, Presidential Villa, Kyari stated that the recent increase due to market forces, that it’s not as a result of short supply of petrol in the country.
Recall that the NNPC Limited had announced last month that is has enough petrol stock to last for at least two month.
More details later…….
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