Following widespread hike in the pump price of fuel across filling stations in the country, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that the pump price for premium motor spirit (PMS) remains at N165 per litre.
There has been calls by independent marketers for a sale of fuel at 180N per litre.
However, the Executive Director, Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, Mr. Ogbugo Kalu, who spoke at a media briefing said the Authority was ever ready to enforce the price on independent marketers who are planning to increase pump price to N180 per litre.
“PMS is a regulated product. The price is fixed and the ex-depot price is known. The pump price remains at N165. So we continue to urge Nigerians to keep within these operating rules,” he stated.
According to him, in the next three days, the Authority would focus its energy in making sure that the marine stock would be translated into inland stock to get petroleum products across the country.
He added: “Within a very short while, we will see the fuel queues pale out. So that is what our focus in the Authority and for the next few days we urge every operator and indeed even assure the public that whatever glitches and supply gaps that have been observed will disappear shortly.
“So we do not encourage any panic buying. We urge Nigerians to be calm as these things will be resolved very easily.”
