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We are working hard with NNPC to retain the N145 petrol pump price – Minister of state for Petroleum resources, Ibe Kachikwu says

Minister of State for Petroleum Resources, Ibe Kachikwu, says despite the challenges in the petroleum industry globally, the Federal government in conjunction with the Nigeria National Petroleum Corporation, NNPC, is working tirelessly to ensure that the pump price of petrol does not exceed the current N145 per liter.

Kachikwu said this in his keynote address delivered on his behalf by the Group Executive Director/Chief Operating Officer, Downstream, Nigerian National Petroleum Corporation, Mr. Henry Ikem-Obih, at the Rainoil 20th Anniversary Lecture which held yesterday May 17th.

“We are also working very hard with the NNPC to reduce some of the charges on products such as the usual five per cent provision on proforma invoices as allowed for ship-to-ship operations. We are doing all these to help manage and maintain the current price ceiling of N145 per litre in the face of very significant challenges” he said

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