Fuel Supply: NNPC Cautions Depot Owners Not to Sell above Ex-Depot Price
The Nigerian National Petroleum Corporation (NNPC) has assured of sufficient supply of premium motor spirit (petrol) as it has taken delivery of four more cargoes of the product over the weekend to keep the country wet.
The deliveries which amount to about 180 million litres is part of a new arrangement by the corporation to have a cargo of PMS delivered daily as from March.
The corporation which made the announcement in a statement made available to the journalists stated that the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has warned depot owners against selling petrol above the approved ex-depot price of N77 per litre.
The warning comes against the background of repeated complaints by marketers of sharp practices at the depots.
The statement quotes the minister as warning that depot owners found to be involved in selling products above the approved ex-depot prices would be severely sanctioned.