NNPC remains sole importer of fuel for now – Kachikwu

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The meeting between the Minister of State, Petroleum Resources, Dr Ibe Kachikwu and oil marketers in Abuja yesterday on how to end the recurring fuel scarcity challenge ended with a firm resolution that the Nigerian National Petroleum Corporation (NNPC) remains the sole importer of petrol, The Sun reports.

Another major takeaway from the meeting was that the price of petrol remains N145/litre as Kachikwu said the government has no plan whatsoever to hike the pump price of the product.

An oil marketer who was at the meeting but craved anonymity said government’s decision to be the sole importer of petrol was to immediately relieve itself of the middlemen albatross, as they have become a bone in government’s neck.

“They told us that instead of a thoroughput arrangement, they will be giving independent marketers their products directly. This is to enable us get our product direct and sell at the pump price. This is instead of passing it through DAPPMA to IPMAN,” he said.