The Group Chief Executive Officer of the NNPCL, Mele Kyari has assured Nigerians of sufficient supply of petroleum products in the Country, urging them not to panic.
Addressing the Press yesterday, Mele Kyari noted that although the announcement of fuel subsidy removal by President Bola Ahmed Tinubu during his inaugural speech might lead to many Nigeria expecting potential changes to the price of petrol, he maintained that there was enough fuel in the Country and normalcy will be restored very soon.
“We would like to assure Nigerians that we have sufficient supply of petroleum products, particularly PMS in our country and there is no reason to panic. We understand that people will be scared of potential changes to the price of petrol.
“But that is not enough for people to rush to fuel stations to buy more than what they need. We are watching all the distribution networks, and support facilities and we believe that normalcy will be restored very soon.”
Speaking on the subsidy removal, the Kyari said that the removal of fuel subsidy was a welcome development.
“We welcome the decision of Mr. President to announce that the subsidy on PMS is over and this has really been a major challenge for the NNPCL’s continued operation. We have been funding the subsidy from the cash flow of the NNPCL.
“We believe that this decision will free resources for the NNPCL to continue to do the great works that this company will do for our country. It allows us to continue to function as a very commercial entity. We welcome this development