NNPC Awaits FG, NLC Resolution Over Petrol Subsidy Removal

Following the recommendations from the Nigeria Governors Forum that the fuel subsidy should be stopped immediately, and that the price of petrol should be between N380/litre to N408.5/ litre, the Nigerian National Petroleum Corporation NNPC, has disclosed that it’s not halting the subsidy on Premium Motor Spirit known as Petrol.

NNPC added that they are awaiting the outcome of today’s (Tuesday) meeting between the Federal Government and the organised labour on the cost of petrol and whether to discontinue subsidising the commodity.

According to reports, the Group General Manager, Group Public Affairs Division, NNPC, Kennie Obateru, said the corporation would not alter petrol price until a resolution was reached on the matter by the involved parties.

According to him, “We are waiting for the discussion between labour and the government to be concluded. That is, let them reach an amicable position. It is not NNPC that is holding the talks. 

He added that, “We are the national oil company and so we just wait for the parties to complete that discussion. When a position is taken as to how best to implement the deregulation, it will be communicated to NNPC and then we can now take a position. But for now what we do is to implement whatever the government decides.”


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Esther Ifeoluwa

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