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NNPCL: Why Petrol Price Increased

Mele Kyari, the managing director and chief executive officer of the Nigerian National Petroleum Company Limited (NNPCL), has attributed the latest pump price increase to market forces.

He explained that market forces were determining how much a litre of petrol would be sold to final consumers, adding that the latest increase, which caused a litre to sell for N617, was not because the product wasn’t available.

ALSO READ: [BREAKING] Subsidy: Nationwide Protest Declared Over Petrol Price (SEE DATE)

He revealed this to journalists after meeting with Kashim Shettima, Nigeria’s vice-president, on Tuesday, according to TheCable.

More details shortly….

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Segun Akinlabi

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