Despite PIGB’s 5% Petrol Tax, NNPC Says Pump Price Remains N145/ltr

The Nigerian National Petroleum Corporation (NNPC) on Saturday allayed fears that pump price of petrol might move up following National Assembly’s recent passage of the Petroleum Industry Governance Bill (PIGB), which levied a five per cent petrol tax.

The NNPC told THISDAY in Abuja that petrol price remains N145 per litre for now, explaining that while it would wait for the implementation of the PIGB to commence, it has focused its attention on ensuring that the Nigeria does not experience the kind of petrol scarcity it had in the last quarter of 2017 and into 2018.

It also stated its intention to see that petrol is sold at N145 per litre in the eastern part of the country, adding that it was only in the region that a litre of petrol is sold above the government’s regulated price of N145.

THISDAY, April 1, 2018

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