Another fuel hike looms as NNPC GMD hints on increase

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Nigerian may have to pay more per litre of fuel after the Group Managing Director (GMD) of the Nigerian National Petrol Corporation (NNPC), Engr. Mele Kyari hinted that the federal government may be forced to increase the price of petrol by removing subsidy.

Kyari who was at the statehouse during a press briefing on Thursday, said it no longer makes sense for NNPC to import petrol at market price and sell at N162 per litre, Blueprint reported.

He further said that the actual market price should be between N211 and N234 per litre.

“As we speak today, the difference is being carried in the books of NNPC and I can confirm to you that NNPC may no longer be in a position to carry that burden,” he said.

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