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Nairaland Forum / Nairaland / General / Politics / Petrol May Sell Below N87per Litre Next Year- NNPC (719 Views)
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Petrol May Sell Below N87per Litre Next Year- NNPC by Joyakosa(f): 6:55am On Dec 19, 2015 |
The pump price of petrol may sell for less than N87 per litre before the end of the first quarter of 2016, latest findings from the Nigerian National Petroleum Corporation have revealed. This is coming as the corporation also announced that the Kaduna Refining and Petrochemical Company would start producing petroleum products beginning from today (Saturday). According to the NNPC, the current pricing template for petrol, which was prepared by the Petroleum Products Pricing Regulatory Agency, contains significant inefficiencies that should be reviewed. The corporation’s Group General Manager, Corporate Planning and Strategy, Mr. Bello Rabiu, told journalists in Abuja on Friday that going by the fall in the price of crude oil, it was important to consult relevant stakeholders in order to produce an adjusted template. Rabiu said consultation with stakeholders was to negotiate and reduce some of the costs associated with the importation of petrol, adding that the government had the target of reducing the amount charged for logistics and distribution margin on every litre of premium motor spirit consumed in Nigeria. The GGM was affirmative that the adjusted template would surely have a considerable reduction in the pump price of petrol when it is completed before the end of the first quarter of next year, stressing that when this is achieved, there would be no need for subsidy as the import price of PMS would have reduced considerably. http://www.joyakosacorner.com/petrol-may-sell-below-n87per-litre-next-year-nnpc |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by Demmocrats(m): 6:56am On Dec 19, 2015 |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by orobs93(m): 6:58am On Dec 19, 2015 |
All I want is a better nigeria Just hit the like button 4 Amen. |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by Engineer123(m): 6:59am On Dec 19, 2015 |
Hoping it will be better. But I don't think it is possible to sell PMS at 87 next year. |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by Johnnoah1st: 7:00am On Dec 19, 2015 |
let it sell For 87 naira 1st naa 1 Like |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by DickDastardly(m): 7:03am On Dec 19, 2015 |
May Shall Will APC is nothing but present opposition gofmant of zi future |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by segebobo: 7:05am On Dec 19, 2015 |
If subsidy is removed, will the price still be regulated? I tend to believe the same thing happening to diesel whose price has always been above N100 will happen to PMS when subsidy is removed |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by MzPecs(f): 7:07am On Dec 19, 2015 |
Abia! |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by Lordave: 7:25am On Dec 19, 2015 |
Petrol may sell below #87 next year- Kachiukwu Petrol will sell above #97 after subsidy removal next year- Buhari Kachiukwu is sabotaging Buhari's government- Lie Mohammed I am afraid we have a confused government- Tinubu |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by Scholes007(m): 7:45am On Dec 19, 2015 |
Lordave:funny analysis 1 Like |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by buskie13(m): 7:46am On Dec 19, 2015 |
thunder faya APC ...may ko...Mary ni |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by Nelkoko: 7:57am On Dec 19, 2015 |
Conflictin report everywhere |
Re: Petrol May Sell Below N87per Litre Next Year- NNPC by DaBullIT(m): 8:59am On Dec 19, 2015 |
He for sweet o |
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