• About
  • Advertise
  • Contact
Friday, October 3, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Oil & Gas

VP shettima, Lokpobiri, Ribadu, Kyari Meet Over Petrol Price Fixing, Scarcity

...FG denies fixing new price for petrol, says sector deregulated

Vital News by Vital News
September 5, 2024
in Oil & Gas
0
VP shettima, Lokpobiri, Ribadu, Kyari Meet Over Petrol Price Fixing, Scarcity
Share on FacebookShare on Twitter

Vice President Kashim Shettima has just held a meeting with the Minister of State, Petroleum, Heineken Lokpobiri, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari and the National Security Advisor, NSA, have just met to discuss controversy surrounding the fixing a new pump price for petrol.

Also at the meeting held on Thursday at the Aso Villa was the Executive Director of Nigeria Mainstream, Downstream Petroleum Regulatory Authority (NMDPRA), Kalu Okuoha.

The meeting was held at the instance of President Bola Tinubu.

The meeting also discussed the issue of scarcity of petrol across the country.

Speaking to State House Correspondents after the meeting, Lokpobiri said : “We were summoned by the Vice President who was directed by Mr. President to summon this meeting and we have been with him to brief him about what is going on across the country.

RelatedStories

Dangote Refinery : PENGASSAN, NNPCL, NDMP, NUPRC Evade Service Of Court Order Halting Strike

Group Knocks Senator Ali Ndume Over Comment On PENGASSAN-Dangote Feud

You Are After Check-Off Dues, Not Workers’ Welfare, Dangote Tells PENGASSAN, TUC

PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA

“And what is important is for us to convey to Nigerians that the President is empathetic about what is going on in the country.

“He is concerned about the hardship of Nigerians, and that was why he directed the Vice President to call this meeting, for us to reflect on what is going on in the country.

“What is important is that products are available in the country, and we believe that between now and the weekend, there will be availability of products across the length and breadth of the country.

“The price could be high in some other areas, much higher in some other locations, and in some locations, much more than you know in other areas.

“But we believe that by the time there is availability of products across the country, the price itself will stabilise.

“But what is important is that the government is not fixing prices.

“This sector is deregulated. And we believe that with the availability of products, the price will find its level. And this is important for Nigeria to know.

“The summary is that the President is empathetic about what’s going on. That’s why he directed this meeting.

“There is enough product in the country to be able to meet the demands of Nigerians.

“There should be no panic buying. And we also believe that Nigerians need to know that the government is not fixing prices. That is what I want to convey to Nigerians.”

The Executive Director of NMDPRA, Kalu Okuoha, while briefing newsmen also said : “All regulatory efforts are now geared towards stabilizing supply, with a resultant impact that it will be positive also on the stability of price.

“To that objective, the regulator is ensuring that there are increased operating hours from all loading depots; vessels are being cleared promptly and extended hours where safety can permit for truck-outs as well.

“More important also is the reinforcement of the support being given to local refiners because with increased production from them, we, indeed, like the minister, has said, there will be a higher supply, which will stabilize the price. That’s the effort that the regulator is making.”
(vitalnewsngr.com)

 

 

Tags: fixingPetrolpricescarcity
Previous Post

NG-CARES : Communities, Groups In Lokoja, Kogi LGAs Hail Ododo On Establishment Of Micro-Projects

Next Post

Lagos Signs MoU With CCECC To Build Lekki-Epe Link Bridge

Vital News

Vital News

RelatedStories

Dangote Refinery : PENGASSAN, NNPCL, NDMP, NUPRC Evade Service Of Court Order Halting Strike
Judiciary

Dangote Refinery : PENGASSAN, NNPCL, NDMP, NUPRC Evade Service Of Court Order Halting Strike

September 30, 2025
Group Knocks Senator Ali Ndume Over Comment On PENGASSAN-Dangote Feud
Labour

Group Knocks Senator Ali Ndume Over Comment On PENGASSAN-Dangote Feud

September 30, 2025
You Are After Check-Off Dues, Not Workers’ Welfare, Dangote Tells PENGASSAN, TUC
Labour

You Are After Check-Off Dues, Not Workers’ Welfare, Dangote Tells PENGASSAN, TUC

September 30, 2025
PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA
Labour

PENGASSAN Members Shut Down NNPC, NUPRC, NMDPRA

September 29, 2025
Dangote Spends N720bln To Acquire 4,000 CNG Trucks, Begins Free Distribution Of Fuel August 15
Labour

PENGASSAN’s Strike, A Guerilla Tactics To Hold Nigerians To Ransome – Dangote Refinery

September 29, 2025
Next Post
Hardship : LASG Extends Work-From-Home Policy By Three Months

Lagos Signs MoU With CCECC To Build Lekki-Epe Link Bridge

Steel Minister, Audu Visits ANRML, Restates FG’s Commitment To Revival Of Sector

Steel Minister, Audu Visits ANRML, Restates FG's Commitment To Revival Of Sector

Gunmen Abduct 9 Students From Kogi State University

CUSTECH Gets NUC's Approval To Run Medicine, Law, Four Other Courses

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Terrorists Kidnap Reporters Of The Nation, Blueprint Newspapers In Kaduna

Gunmen Kill Two Soldiers, Village Head, Six Other Persons In Benue Community

1 year ago

FG says gas plant shutdown responsible for current poor power supply

3 years ago
Flooding : Lagos Begins Removal Of Structures On Drainage Setback

Lagos Teacher, Peace Sule Wins Best Teacher In Nigeria Award

12 months ago
Hezbollah Leader Nasrallah Killed In Israeli Air Strike – Official

Iran Vows To Avenge Hezbollah Leader’s Death

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN cement Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security students Tinubu
No Result
View All Result

Highlights

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

Bandits Kidnap Police Officer In Kwara

Death Toll In Ibaji Boat Mishap Rises To 36

Arrest of 147 Terrorists In One Week, Confirms Tinubu Is Boosting Troops’ Morale – Group ‎

Fubara Sacks Commissioners, SSG, SAs, SSAs

2027 : Group Holds Awareness Walk In Kogi, Reaffirms Commitment To Vision, Leadership Of President Tinubu

Trending

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From  October 29
News

Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29

by Vital News
October 2, 2025
0

The Kogi State Government says it will commence strict enforcement of ban on Zariagi, Osara and other...

Realnews Announces Theme, Date For It’s 13th Anniversary Lecture

October 2, 2025
Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji,  For Hard Work, Dedication

Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication

October 2, 2025
FG Cancels Independence Anniversary Parade

Engineer Urges Nigeria To Invest In Aerospace Technology To Tackle Insecurity, Modernise Aviation

October 2, 2025
Police Begin Manhunt For Killers Of Three Officers, Two Vigilante In Kogi

Bandits Kidnap Police Officer In Kwara

October 2, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Kogi Vows Strict Enforcement Of Ban On Illegal Trailer Parks From October 29 October 2, 2025
  • Realnews Announces Theme, Date For It’s 13th Anniversary Lecture October 2, 2025
  • Yakubu Gowon University Honours Deputy Commissioner Of Police, Hakeem Adedeji, For Hard Work, Dedication October 2, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • Maritime/ Marine Transport
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Tourism
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In