ADVERTISEMENT
The Moment Nigeria
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport
No Result
View All Result
The Moment Nigeria
No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport

NNPC: No increase in price of PMS until conclusion of engagement with labour

by Usman Kadri
March 26, 2021
Reading Time: 1 min read
NNPC records 353% increase in trade surplus to ₦37.50b in Sept 2021
Share on FacebookShare on TwitterShare on WhatsappShare on LinkedIn

The Nigerian National Petroleum Corporation (NNPC) has said it would maintain its current ex-depot price of Premium Motor Spirit (petrol) until the conclusion of ongoing engagement with the organised labour and other stakeholders.

Addressing newsmen in Abuja, the Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, said the Corporation, at the moment, was bearing the burden of importing refined petroleum products as the supplier of last resort to guarantee energy security for the nation.

Shedding more light on the recent interview by the Group Managing Director, Mallam Mele Kyari, at the State House, Dr. Obateru stated that the NNPC has no intention to preempt ongoing engagement with labour by unilaterally increasing the ex-depot price of petrol, even though the Corporation is bearing the burden of price differentials between the landing cost and pump price of petrol.

RELATED STORIES

BREAKING: FG increases Passport fees amid hardship in Nigeria

FG increases passport fees to N100,000, N200,000

August 28, 2025
Dele Momodu: I can’t compete financially with Wike or Atiku

‘Hand of Wike’: Dele Momodu criticises PDP for zoning 2027 presidency to South

August 27, 2025

He said as a proactive organisation, NNPC has made arrangements for robust stock of petroleum products in all its strategic depots across the country to keep the nation well supplied at all times.

Dr. Obateru advised petroleum products marketers not to engage in arbitrary price increase or hoarding of petrol so as not to disrupt the market.

He also urged motorists not to engage in panic buying, stressing that NNPC was committed to ensuring energy security for the country as the supplier of last resort.

He assured marketers and all other relevant stakeholders in the downstream sector of sustainable collaboration for the public interest.

Next Post
Excitement as Titan Trust Bank pays customers N5 for every dollar

Excitement as Titan Trust Bank pays customers N5 for every dollar

More Articles...

We are under attack over NNPC on-going reforms –Ojulari revealed

We are under attack over NNPC on-going reforms –Ojulari revealed

August 28, 2025
BREAKING: FG increases Passport fees amid hardship in Nigeria

FG increases passport fees to N100,000, N200,000

August 28, 2025
JUST IN: Access Holdings names Innocent Ike as new GMD/CEO

JUST IN: Access Holdings names Innocent Ike as new GMD/CEO

August 28, 2025
Unified Payments commemorates 28 years of pioneering Fintech innovation in Nigeria

Unified Payments commemorates 28 years of pioneering Fintech innovation in Nigeria

August 28, 2025
Stanbic IBTC Bank celebrates fourth monthly draw; rewards 70 lucky winners in Reward4Saving Promo 4.0

Stanbic IBTC Bank celebrates fourth monthly draw; rewards 70 lucky winners in Reward4Saving Promo 4.0

August 28, 2025
Dangote Group, Ethiopia sign agreement to build $2.5bn fertiliser plant

Dangote Group, Ethiopia sign agreement to build $2.5bn fertiliser plant

August 28, 2025

STANBIC IBTC ADVERT

About Us

Themomentng.com is an online community of reporters and social advocates dedicated to bringing you features, news reports by Africans, but from a global perspective.

Contact Us

+447771081433
+2348051966180(WhatsApp/SMS Only)
Email: themomentng@gmail.com

Categories

  • Business
  • Education
  • Entertainment
  • Events
  • Featured
  • Food
  • Foreign
  • Health
  • Interviews
  • Life and Styles
  • Metro
  • Motoring
  • News
  • Opinion
  • Politics
  • Religion
  • Society
  • Sport
  • Technology
  • Top Story

Follow Us

Facebook Twitter Instagram

Copyright © Themomentng.com. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Business
  • Entertainment
  • Interviews
  • Life and Styles
  • Sport