Petrol: No increase in ex-depot price in May, NNPC GMD assures.

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.FRSC confirms death of 12 persons in Benue tanker explosion

  .Buhari mourns

 

The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Monday announced that there would be no increase in the ex-depot price of Premium Motor Spirit, popularly called petrol, in May.

 

NNPC has maintained an ex-depot price of N148/litre since February despite the hike in the actual cost of the commodity, hence incurring subsidy of over N120bn monthly.

 

Ex-depot price is the cost of petrol at depots, from where filling stations purchase the commodity before dispensing to final consumers.

 

NNPC is the sole importer of petrol into Nigeria for more than three years now.

 

Kyari also announced on Monday that Petroleum Tanker Drivers had suspended their proposed strike after the intervention of NNPC in the impasse between the PTD and the National Association of Road Transport Owners.

 

The NNPC tweeted these via its official Twitter handle on Monday.

 

It said, “Following GMD #NNPC Mallam @MKKyari’s intervention in the National Association of Road Transport Owners/Petroleum Tanker Drivers impasse, PTD has just announced the suspension of its planned strike until closure of discussion between both parties.

 

.FRSC confirms death of 12 persons in Benue tanker explosion

  .Buhari mourns

 

 

President Muhammadu Buhari condoles with the government and people of Benue State over the tanker explosion that left several people dead in Agatu Local Government Area of the State.

Commiserating with families of the victims, the President said:

”I am worried by the frequency of these tanker explosion incidents on public roads or residential areas. Our road traffic authorities and transportation ministries should urgently address this.”

Noting that public safety should not be compromised under any circumstances, the President calls for strict adherence to safety standards and procedures; and these rules should be enforced without fear or favour.