Petrol may cost more than N200 per litre in April — NNPC

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Indications have emerged Nigerians may likely pay more for petrol in April.

This was disclosed Thursday by the Group General Manager (GMD) of the National Petroleum Corporation (NNPC), Mele Kyari while reacting a question about the status of petrol’s pump price in the country.

Kyari spoke during the weekly presidential ministerial media briefing held at the presidential villa, Abuja.

He said the NNPC absorbs the cost differential which is recorded in its financial books.

He also said the NNPC pays between N100-120 billion a month keep the pump price at the current level, insisting market forces must be allowed determine the pump price of petrol in the country.

He explained while the actual cost of importation and handling charges amounts N234 per liter, the government is selling at N162 per liter.

He, however, said the NNPC can no longer afford bear the cost, adding sooner or later Nigerians would have pay the actual cost for the commodity.

The Guardian