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Despite increase in landing cost, fuel price will remain N145 per litre – NNPC

The Nigerian National Petroleum Corporation has said that despite the increase in landing cost of petrol, it will still sell at N145 per litre.

Mr. Ndu Ughamadu, the NNPC Group General Manager Public Affairs, who spoke to Punch, said that the NNPC would continue to bear the cost.

“The Federal Government has made it clear; petrol will continue to sell at N145 per litre. NNPC is not operating subsidy. What we have done is under-recovery of which we make up from other sources.

“Yes, the under-recovery will continue. The corporation plays many roles in the country. We are an importer of the last resort where others refuse to import.

“We equally operate in a social regime to make sure that the system gets wet with products because if the corporation is not doing that as part of its responsibilities, you can imagine what the system will look like.”

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