The Nigerian National Petroleum Corporation, NNPC, has said the cost of Premium Motor Spirit, PMS, in the country should be N256 per litre.

Mele Kyari, Group Managing Director, GMD, of NNPC disclosed this while appearing on Channels Television yesterday.

Kyari noted that there is nowhere in the world where Diesel sells more than petrol.

The NNPC boss stated that the petrol pump price is meant to reflect the current crude oil price which stands at $74.40 per barrel at the international market.

He said: “Today we are paying N162/litre (for petrol). I am sure many people buy AGO (Diesel) in the market and it is selling at N280/litre in the market Today .

“So (there is) nowhere in the world diesel sells more expensive than PMS. That means that the price of petrol anywhere in the world, assuming you are going to sell it at the market, you are going to sell it above that price you have seen.

“Today, from what I can remember, I checked the number two days ago; what would we sell if we are at the filling station today and recover our cost fully is around N256/litre.”

Kyari also disclosed that the government was negotiating with the Nigerian Labour Congress (NLC) over the cost of petrol.

Meanwhile, Kyari had stated that the inability to find a suitable price for petrol is responsible for the continued subsidy scheme.

The NNPC is presently the only official importer of petroleum products into Nigeria.

Source: https://dailypost.ng/2021/06/30/nigerians-should-buy-at-n256-per-liter-nnpc-boss-kyari/

This people enjoy inflicting hardship on the masses, no form of deep thinking on how to diversify the economy. But when you ask their minions online they will be shouting npower and 10k tradermoni.

SMH @this mad man....
They should buy @#256 yet you get it free and even get paid for incompetence! Just wow....

In Nigeria most national economic & political office holders are pure evil , inconsiderate and very anyhow people.

We need young visionary leadership in all sectors in Nigeria not brainless people like this.

socialmediaman:


You mean, young visionary like Kogi governor? he has a vision to be president

Nope!!!
Is that what you can make of the word visionary? That incompetent governor you mentioned is far from any vision more than the distance between Australia & kogi...lolz SMH.

@Seniorwriter

What's exactly is the benefit of a common man in Nigeria? In fact they should sell it for N500, we will still buy it, after seeing Buhari's first term flaws, some deluded folks still went ahead to vote him, so its a welcome development, shey even people that voted him will buy it at that same price,then no problem, we move.

Haba NNPC boss!!
What about zombies that have been defending you guys online?
You guys should sell for them @50 per litre please

Mad man's statement. I blame the gullible Nigerians

Omo the Angel wey direct me come this country when I dey enter this world no try at all oo


What a crazy country!

Thunder fire your left yansh

This man must be sick or something.. The countries paying high prices for petrol are paying better minimum wages for their citizens.. Not this yeye minimum wage that has been approved for long and yet states and federal are not paying it... This country is a disaster I swear... Best thing is to japa when the opportunity comes.. Cos am not sure there is anything left of this country.

Petrol is one of the allowances of these thieves so they don't feel the heat. Demons

Talk when you have something reasonable to say not because you must talk in every situation... As a leader, before you make a decision you think about the possible outcome...

GET READY!


Highest by August, we will be buying fuel at N256 per litre



But APC members & zombies will get it at N40 only! after showing thier membership card at all stations nationwide.



Sai Baba.


On a serious note, subsidy really has to go

Nor be una fault na

This is Nigeria

I.D.I.O.T.S!!

Thunder fire you (In Rick Hassani's voice)

Mad man
People without conscience

God almighty will destroy you and the mad man that appointed you into that position. Fool.

It is well.

Wetin we do these people

I'll have supported removal of subsidy too but I know even if they start selling PMS for 1000 naira per liter na one useless politician go still chop all the money

it is alright.
we all go dey alright laslas

Nigeria is completely in shambles.

The failure called NNPC

Ok no problems.. God will provide.. but come 2023 you'll gonna see crazy..

Once Electric Vehicles become more prevalant, reliance on petrol should drastically reduce.

Lol