thereby affecting its byproducts. “As you all know, when the price of Crude oil rises to that level, it affects the derivate of crude oil so the price of diesel also went up”, he said.
According to him, the Petroleum trucks which ran on diesel were heavily impacted as they were finding it difficult to transport PMS with the current cost of diesel.He called on depot owners and marketers to avoid taking undue advantage of the unfortunate situation to increase the ex-depot price. The minister assured Nigerians that the management of the Nigerian National Petroleum Company Ltd and the Nigerian Midstream Downstream Petroleum Regulatory Authority were working very hard to bring the situation under control.
“I thought to come and inform you that we are not resting on our oars. We share the pains of Nigerians and we want to do everything to ensure that this problem is resolved as quickly as possible,” he averred.
They should go after depot owners
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