Salihu Lukman, a former National Vice Chairman for the North-West region of the All Progressives Congress (APC), has characterized the pricing of petroleum since the initiation of operations at the Dangote Refinery and the Nigeria National Petroleum Company Limited (NNPCL) as being manipulative in nature. In a statement released on Tuesday, titled “Nigerian Democracy in ICU,” Lukman asserted that the pricing mechanisms are primarily focused on exerting manipulative control and establishing a parasitic monopoly, which he attributes to the NNPC. He expressed concern over the troubling reality that citizens are…
Tag: NNPCL
Petrol Price Drops In Nigeria As NNPC Announces New Price For Marketers
Petrol Price Drops In Nigeria As NNPC Announces New Price For Marketers The Nigerian National Petroleum Company Limited (NNPCL) recently reduced the depot price of Premium Motor Spirit (PMS) from N640 per litre to N630 per litre. The NNPCL also announced its intention to sell directly to independent marketers, bypassing private depots, to enable final consumers to purchase at more affordable rates. The President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, confirmed the latest development stating that the NNPC has assured an increase in supply. Reports…