Muslim Rights Concern, MURIC, has advised the Nigerian National Petroleum Company Limited, NNPCL, to go back to the old price of the Premium Motor Spirit, PMS, also known as Petrol. NNPCL had a few days ago increased the price of PMS across the country.
MURIC in a statement signed by its Executive Director, Professor Ishaq Akintola, also advised NNPCL to allow Dangote Refinery to operate freely without undue interference. Akintola, in the statement made available to DAILY POST on Friday, noted: 'Nigerians are going through severe hardship. There is hunger in the land. Inflation has made life difficult for many, particularly after the removal of fuel subsidy, which shot the price of petrol to the rooftop.
By taking these two actions, NNPC has effectively taken control of Dangote's fuel and the real owner cannot determine the price of its product. This is an ambush, a punch below the belt. 'If NNPC had not increased the price of its own fuel, the decision to monopolise Dangote's fuel would have favoured the hoi polloi, but by increasing the price and restricting the supply of Dangote's fuel to itself alone, NNPC has rendered Dangote Refinery helpless.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NNPCL, Dangote rift probe: Bribery allegations unsettle RepsOn Monday, the Speaker of the House of Representatives, Abbas Tajudeen, sacked a powerful ad hoc committee probing NNPC Limited after weeks of infighting among members.
Read more »
We never accused NNPCL of not supplying crude to Dangote RefineryThe President and Chief Executive of Dangote Group, Aliko Dangote has clarified that his 650,000 barrels per day Dangote Refinery had never accused NNPCL of not supplying crude oil. Dangote made this known in a statement on Thursday.
Read more »
Dangote refinery after investing billions in it, NNPCL saysThe Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery,
Read more »
We can’t sabotage Dangote refinery after investing billions in it, NNPCL saysThe Nigerian National Petroleum Corporation (NNPC) Limited has reiterated that it is not involved in any sabotage of the Dangote Refinery,
Read more »
Fuel queues linger as traders await Dangote, NNPCL refineriesNigerians may have to prepare for a worse premium motor spirit (PMS) scarcity as the Nigerian National Petroleum Company Limited (NNPCL) depots run out of supply amidst denial of the return of fuel subsidy and accumulated $6.8 billion debts owed to trading partners.
Read more »
We’ll export our petrol if you fail to patronize us – Dangote Refinery warns NNPCL, marketersThe Dangote Petroleum Refinery has vowed to ship its petroleum products to other countries if the Nigerian National Petroleum Company Limited, NNPCL and other oil marketers in the country fail to patronise it.
Read more »