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    Fuel price Reduction: Group supports NNPCL’s reforms

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    The Nigerian National Petroleum Company Limited’s proposed measures to stabilize the nation’s downstream oil and gas industry have received support from a Niger Delta anti-pipeline vandalism group.

    This was announced in a statement on Tuesday by Pathfinder Fiawei, the National Coordinator of the Anti-Pipeline, Oil Theft & Illegal Bunkering Task Force.

    He claims that the reforms, which were started by Isiyaku Abdullahi’s downstream team at the Nigerian National Petroleum Company Limited (NNPCL), have had a significant influence and inspired that segment of the oil and gas value chain.

    He pointed out that as the cost of Premium Motor Spirit gradually declines for Nigerians, NNPCL’s initiatives have increased competition in the nation’s downstream industry.

    “As an important stakeholder in the oil and gas industry, we, the Anti-Pipeline Vandalization/Oil Theft & Illegal Bunkering Taskforce Group, have meticulously evaluated and tracked NNPCL and the Executive Vice President, Downstream, Isiyaku Abdullahi, Downstream, and have witnessed the compelling impact and penetration of the timely reforms he has initiated, championed, and executed that have fundamentally altered the narrative in the history of the oil and gas industry in this nation,” he said.

    Despite Dangote Refinery’s ability to supply all of Nigeria’s petroleum needs, this comes amid controversy surrounding the import of Premium Motor Spirit.

    Nigerians were reassured by NNPCL Group Chief Executive Officer Mele Kyari during the ongoing Nigeria International Energy Summit in Abuja that the state-owned oil company is dedicated to guaranteeing energy security in accordance with the Petroleum Industry Act.

    Dangote gasoline is sold at MRS filling stations for N945 per litre, whereas PMS is supplied at NNPC retail outlets for N965 per liter.

    Across the nation, PMS is available at different gas stations for between N970 and N1000.

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