N170/litre fuel price impossible – NNPCL
The Group Managing Director, Nigerian National Petroleum Company Limited (formerly Nigerian National Petroleum Corporation), Mele Kyari, has disclosed that NNPC cannot maintain a pump price of N170 per litre for Premium Motor Spirit, popularly called petrol or fuel.
Kyari, while speaking at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption in Abuja on Wednesday, stated that the landing cost of fuel was thrice the amount.
Kyari stated, “It is not possible for you to buy fuel at N170 when your actual cost is thrice that value.
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