Kachikwu faults recent increase of petrol pump price by NNPC stations

Minister of State for Petroleum Resources, Ibe Kachikwu, has faulted the recent N4 increase in the pump price of petrol at all the NNPC fuel stations nationwide. NNPC last week increased its pump price at its stations from N141 per liter to N145 per liter.

Speaking to journalists after receiving an award at an event organized by the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja yesterday, Kachikwu said;

“First, I am not aware that the NNPC has increased price. I need to look into that. It is a bit of surprise for me, because there are processes in doing this, if they have done that, it means they are doing it wrongly. Let me find out what the facts are".

This post first appeared on Linda Ikeji's Blog. Read the original story here.