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The Group Chief Executive Officer of the Nigeria National Petroleum Company Limited , Mele Kyari, has denied reports that the Federal Government has backed down in its complete removal of petrol subsidy.
“They have to reroute their trucks around many, many locations for them to be able to reach destinations and that created delays and some supply gaps. But that has been filled and we do not see any of such problems again.”Secondly, because of the full deregulation that we have in this sector, marketers are now competing amongst themselves.
“As you all know, government is doing so much to ensure supply of FX into the market. We know that this FX market will stabilize. Current I&E window is around N770.
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