Selling petrol at N145 per litre no longer sustainable – Kyari

Advertisements

The pump price rate of N145 per litre for Premium Motor Spirit, PMS, no longer sustainable so long as the country wants to make significant gain out of the commodity.

The new Group Managing Director of the NNPC stated this on Wednesday in Abuja, when the heads of revenue generation agencies and corporations met with the leadership of the Senate at the National Assembly complex in Abuja.

According to Mr Kyari, the product is sold at N350 in neigbouring countries and smugglers find that as a lucrative business.

The NNPC GMD noted that the Nigerian pump price of N145 for PMS is the cheapest in the entire West African Sub-region.

He said:” It is even very difficult for us to make the Petroleum Product available at N145″

YOU MAY ALSO LIKE :Imo State Govenor Signs Into Law The Prohibition Of Cash Receipt As Payment

Advertisements
%d bloggers like this: