Nigeria: N130bn Monthly Loss to Petrol Underpricing No Longer Sustainable -Kyari

26 March 2021

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Malam Mele Kyari, yesterday made a case for a prompt conclusion of talks between the federal government and the organised labour to resolve the dispute over the appropriate pricing of petrol.

He expressed concern about the current underpricing of the commodity, which he said has resulted in the NNPC losing N130 billion monthly due to the sale of the commodity below the market price.

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