Nigerian Petroleum Company Blames Market Forces Responsible for Rising Petrol Prices

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, says market forces are responsible for the rising pump prices of petrol. <br />Kyari says with the deregulation of the oil sector, market realities will force the prices of petrol up sometimes and at other times force prices down. <br />The NNPCL boss says the increase in the price per litre of petrol from over N500 to N617 is not a supply issue, assuring Nigerians that the country has a robust supply of the vital commodity. <br />He says the marketing team of the NNPCL is responsible for price adjustment and that the team adjusts prices depending on market realities.<br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>