NNPC’s GMD decries high cost of fuel in S’east


Maureen Ikpeama, Enugu

Group Managing Director of  the Nigerian National  Petroleum Corporation, NNPC,   Maikanti Baru  has frowned at marketers selling Premium Motor Spirit  ,PMS, above pump price saying,  there is no reason for any marketer to sell  PMS above the approved price of N145 per litre.

He said that president Muhammadu Buhari  had directed the  corporation to  sell the products to marketers at N133.38k and wondered why some marketers were selling above  the approved  price of  N145 per litre.

The GMD who spoke in Enugu recently,  during  the NNPC ‘s special day at the 29Th Enugu international trade fair ,observed   that the recent petroleum crisis was worst in the South-East, and appealed to marketers across the country  to reciprocate the kind  gesture of the federal government by ensuring that the masses did not suffer.

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To the leaders  of the South East zone,  Baru said, “Appeal to your members to extend this goodwill to the people by selling within N145 per litre.If they complain that it is because of transportation, I have reports that marketers in Maiduguri are selling at N141 per litre and they are lifting either from Calabar or Port Harcourt. So, somebody here cannot complain,”

The GMD was quick to add  that,   “the issue of profiteering on sale of petroleum products has been the problem. Every petroleum supplied in this country at the moment is from the NNPC .We are under direct instruction from the president that we must not sell above N145 per litre and that is what we have been doing. So, there is no reason why any marketer should sell above N145 per litre,”

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He therefore  called on Nigerians to report any Marketer selling above pump price to the Department of Petroleum Resources (DPR) nearest to them.

On the 29Th Enugu international trade fair,  Dr Baru said that NNPC was glad to be part of the fair after long years of its absence.

Earlier in a welcome address,  the President of the  Enugu Chamber of Commerce, Industries, Mines and Agriculture (ECCIMA), Emeka Udeze, said they were glad to have the NNPC ‘ s  chief executive  at the event.

He said that the last crisis that hit the oil  sector which lasted for long till date ,had continued to leave telling effects on Nigerians.  The President expressed optimism that the lessons learnt from the crisis will serve as  a spring board to reduce the level of volatility in the economy to stabilise the supply chain in the oil  industry. He  commended NNPC for participating in the fair.


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