The group chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, has emphatically stated that there was no more
He disclosed this to State House correspondents on Monday after a meeting with President Bola Tinubu at the Presidential Villa, Abuja.
“We hope that they do it very quick and this are some of the interventions government is doing, there is no subsidy.” He said this price competition had led to some customers flocking to stations with lower prices, potentially causing panic among those unaware of the market dynamics. He said: “We have seen in very few states pockets of very low queues. Not unconnected with the road situation that we’re seeing the number of blockades on our roads crossing products from the southern depots into the northern part of the country and it takes them a much longer time than they do now.
“So you must have noticed some fuel stations will reduced price by two Naira and three Naira, so customers will naturally run to the places where you have that reduction in prices.
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