Kachikwu Decries N4 Price Increase of NNPC Stations

The Minister of State for Petroleum, Dr Ibe Kachikwu, says the recent N4 Increase in the price of petrol in Nigerian National Petroleum Corporation (NNPC) filling stations, is wrong.

Kachikwu said this after receiving an award at an event organised by the Petroleum Products Pricing Regulatory Agency (PPPRA) in Abuja.

It would be recalled that NNPC had been selling fuel at N141 but on Thursday, November 3 increased it by N4 to the government benchmark of N145.

Kachikwu said the increase could be as a result of foreign exchange differentiation.

 

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