NMDPRA Insists on N165Per Litre as Queues Mount

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The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Tuesday insisted that fuel price per litre remains N165.00 even as filling stations sell at N180 per litre.
The agency also assured that the current queues will soon disappear as there was enough fuel in the country.
The NMDPRA said it has enough stock to meet the demand in all the states of the country.
The Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, Mr. Ogbugo Kalu, told newsmen that the agency was ready to stop the marketers from implementing the N180 per litre rate.
Kalu was quoted saying, “PMS is a regulated product. The price is fixed and the ex-depot price is known. The pump price remains at N165. So we continue to urge Nigerians to keep within these operating rules.
“Within a very short while, we will see the fuel queues pale out. So that is what our focus in the Authority and for the next few days we urge every operator and indeed even assure the public that whatever glitches and supply gaps that have been observed will disappear shortly.
“So we do not encourage any panic buying. We urge Nigerians to be calm as these things will be resolved very easily.”
The statement is coming on the heels of Nigerian National Petroleum Corporation (NNPC) stating on Thursday that it has over two billion litres of PMS in stock.
The Group Executive Director, NNPC, Adeyemi Adetunji, said the fuel in stock will last for 34 days in the country.
He said the fuel queues will disappear soon.
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