More
    HomeBusinessFuel price Reduction: Group supports NNPCL's reforms

    Fuel price Reduction: Group supports NNPCL’s reforms

    Published on

    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.

    Latest articles

    84 suspected terrorists to appear for trial Tuesday, Justice Nyako convicts two

    ‎ By Teddy Nwanunobi ‎ ‎ No fewer than 84 suspected terrorists will appear in...

    Three senators didn’t sign Natasha Akpoti’s suspension report – Oshiomhole

      Senator Adams Oshiomhole representing Edo North, has claimed that the signatures of at least...

    FG signs Smart National Transport Data Bank agreement with Asia Arab firm

      By Sam Otuonye The Federal Government has signed a Concession Agreement with the Asia Arab...

    Kogi launches 2025/2026 annual school census on DNEMIS portal

    ‎From Olu Samuel, Lokoja ‎ ‎Education stakeholders in Kogi State, have pledged full support for the...

    More like this

    84 suspected terrorists to appear for trial Tuesday, Justice Nyako convicts two

    ‎ By Teddy Nwanunobi ‎ ‎ No fewer than 84 suspected terrorists will appear in...

    Three senators didn’t sign Natasha Akpoti’s suspension report – Oshiomhole

      Senator Adams Oshiomhole representing Edo North, has claimed that the signatures of at least...

    FG signs Smart National Transport Data Bank agreement with Asia Arab firm

      By Sam Otuonye The Federal Government has signed a Concession Agreement with the Asia Arab...