No plans to increase pump price — Baru


Folake Ogunleye

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said there were no plans to increase the pump price of petrol.

He said that,NNPC had succeeded in returning the country to zero petrol queues as a New Year gift to the motorists.

According to him he said that, oil marketers that are still hoarding products in their stations should be aware that if they are caught by the regulatory agency of the Department of Petroleum Resources (DPR) and the law enforcement agencies, they will be sanction and stand the chance of losing their products to the public.

Dr Baru said, “We have a Presidential directive that if we catch any marketer hoarding products or selling above the approved pump price we should dispense the products to the public free and that directive still holds”

He said that. fuel queues noticeable in parts of the Country days back have all disappeared.

During a tour of some fuel stations in the Federal Capital City, he said NNPC would work round the clock to sustain a regime of zero petrol queues across the country.

The NNPC helmsman stated that the Country had over thirty days sufficiency of the product.

He disclosed that NNPC had increased its daily truck-outs of PMS from 1,733 to 2000 per day to address the scarcity of the products in the hinterlands, saying the Corporation was poised to flood the market with petrol to return the situation to normalcy across the Country.

He said regulatory and security agencies had cast their dragnets, ready to enforce the law, stressing that the good news was that some of the major and independent marketers with retail stations across the nation had sufficient petrol to sell to motorists who need of the product.

Dr. Baru urged filling station owners with petrol to be patriotic by selling from all their pumps to further reduce the build-up of queues.

A cross section of motorists commended the NNPC for clearing the petrol queues and enjoined them to sustain the efforts at ensuring availability of the product across the country.


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