… Kyari, Ribadu Over Petrol Price Hike
AfriqueCAN
Vice President Kashim Shettima has summoned the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, and Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari.
Also summoned on Thursday at the Presidential Villa is the National Security Adviser, Nuhu Ribadu over the recent hike in the price of Premium Motor Spirit (PMS), popularly known as petrol.
The Vice President is meeting with the trio in his office at the State House, Abuja.
NNPCL on Tuesday increased the pump price of petrol from ₦568 to ₦855, ₦897 (depending on the location per litre) amid lingering fuel scarcity and the country’s crisis.
Private suppliers already sold fuel at higher prices than the NNPCL. Some were selling at 1,200 naira per litre on Wednesday.
The price increase came a day after NNPC acknowledged it was struggling to maintain fuel supplies because of financial difficulties.
In Lagos, Abuja and the northern city of Kano on Wednesday, some private petrol stations were closed while huge lines of cars waited overnight outside NNPC fuel stations.
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