BREAKING NEWS

Metro

World

Spiritual

1 Dec 2017

NNPC Makes Important Statement on Petrol Price Hike, Products Supply Ahead of Festive Season

The Nigerian National Petroleum Corporation on Thursday said it had not increased the ex-depot price of Premium Motor Spirit, popularly known as petrol.
File photo
Following threats by the Lagos chapter of the Independent Petroleum Marketers Association of Nigeria to withdraw its services in Lagos and its environs over alleged discrepancies in the ex-depot price of petrol, among others, NNPC has said it had not increased the price of petrol.

In a statement issued by the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, the corporation said the Ejigbo Satellite Depot was fully stocked and carrying out regular loading services.

Here's how NNPC stated the new development on its website;

*************************

In a bid to make good its plan to be an important player in the downstream sector of the oil and gas industry and to ensure that petroleum products get to all Nigerians irrespective of location, the Nigerian National Petroleum Corporation, NNPC, is about to conclude plans to build 50 new fuel stations across the country.

The initiative which is to be executed by NNPC Retail Ltd, a subsidiary of the NNPC, would see the introduction of two new categories of retail outlets – the Super Mega-Stations, Mega-Stations and Standard Stations – under the Corporation’s retail business, besides a cocktail of mega-stations, floating mega-stations and affiliate stations already in operation across the country.

The Corporation’s Group General Manager Public Affairs, Dr Levi Ajuonuma, in a statement quoted the Managing Director of NNPC Retail Ltd, Dr Oladipupo Ajiboye, as saying: "The 50 new fuel stations would fall into different categories, some of them will be super mega stations, some will be mega-stations and others will be standard stations.

"This categorization is based on the size and the kind of facilities each would have, and accounts for the cost variations. What we know now is that the actual cost of each station will be determined by the size, location, and the kind of facilities each would have and on whether they are super-mega, mega or standard stations."

Explaining the rationale behind the initiative, the NNPC spokesman said it was the corporation’s way of ensuring that there was no scarcity of petroleum products in the future.

"Besides ensuring that Nigerians enjoy adequate supply of products close to their homes and at affordable prices, this initiative is also a means of creating jobs and boosting the economy to ensure that we touch the lives of Nigerians in many positive ways," Ajuonuma stated.

The Corporation currently has 37 mega-stations, 12 floating stations and 265 affiliate stations across the country. The affiliate stations are being increased on a continuous basis.

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

Loading...

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian