The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr. Maikanti Baru on Monday went round fuel stations to see petrol supply and distribution in Abuja and environs ahead of the Christmas celebration.
Speaking after touring filling stations at Nyanya-Mararaba, Kubwa and Abuja municipal, Baru thanked President Muhammadu Buhari for allowing the pump price of petrol remain at N145 per litre despite the huge under-recovery on the product recorded by the corporation at a period in the year.
He said the corporation in collaboration with other sister agencies were able to deal with some of the problems that caused scarcity of petrol last year like supply shortage, hoarding and diversion by marketers.
“There is no filling station that we have gone that has more than one car at dispensing point. This shows that there isn’t any queue unlike 24th of December last year.” Baru said.
“We thank Mr. President for believing in us to deliver, and for being magnanimous to the public. In the course of the year, we had times when we brought in products that indicated under-recovery of almost N80 per litre.
“Today, we are having much lower crude prices and under-recovery has also gone down significantly to the region of N20 and N25 a litre,” Baru said.