UGO AMADI
The Minister of State for Petroleum, Dr Ibe Kachikwu, has said the recent N4 increase in price of petrol in Nigerian National Petroleum Corporation (NNPC) filling stations, is wrong.Kachikwu said this after receiving an award at an event organized by the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja on Sunday.
NNPC had been selling fuel at N141 but on Thursday, November 3 increased it by N4 to the government benchmark of N145.
“It is obviously humbling and too early in the day to receive an award and to be recognised so soon in some of the things we are trying to do. It is humbling, I thank them very much.
“First, I am not aware that the NNPC has increased price. I need to look into that. It is a bit of surprise for me, because there are processes in doing this, if they have done that, it means they are doing it wrongly. Let me find out what the facts are,” he told newsmen.
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