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Sell fuel to Nigerians at N145/litre - NNPC appeals to marketers

Sell fuel to Nigerians at N145/litre - NNPC appeals to marketers

- Fuel marketers have been urged by the NNPC GMD, Maikanti Baru, to sell the product to Nigerians at the approved price

- Dr Baru stated that it was possible for marketers to make a decent profit even when they sell at N145 per litre

- He presented a letter of commendation to the MD of a company that has consistently sold petrol at the approved price, even in periods of supply shortage

The group marketing director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has urged petroleum marketers to stick to the N145 per litre approved pump price for petrol.

Baru gave the charge in Abuja, the nation’s capital, on Wednesday, February 14, while presenting a commendation letter to Victoria A. Samson, the managing director of BOVAS & Company Ltd, an Ibadan-based petroleum marketing company, for consistently selling fuel at N145 per litre.

The development was made public in a statement sent to, which was signed by Ndu Ughamadu, NNPC group general manager, Public Affairs Division.

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Baru stated that the national oil corporation was fully convinced that marketers could still make a profit when they sell petrol at the approved price; and urged them to emulate BOVAS.

He commended Samson and told her that the NNPC had decided to honour her and her company for making life easy for Nigerians by selling fuel at N145 per litre.

He stated: “It is on record that you have consistently demonstrated not only your ability to supply products to the market, but also to do so within the government controlled price of N145 per litre.

“You are even matching the NNPC Retail price by selling at N143 per litre. That is quite commendable.

“By doing what she does, Mrs Samson has been making life much easier for Nigerians. That is why we gave her a commendation letter as well as a plaque to recognize her efforts."

Baru assured her that NNPC stands ready to support her company with necessary interventions to keep it well supplied with petroleum products in order for it to serve its areas of operation well.

In response, Samson thanked the corporation for the gesture which she said would spur her to keep supplying fuel at an affordable price.

She disclosed that her company sold fuel at N145 per litre even during periods of scarcity.

“Without doubt, this gesture will spur me to further do my best and continue to supply products at affordable prices for the benefit of all Nigerians,” she stated.

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Meanwhile, previously reported that amidst the ongoing fuel scarcity, five ships laden with petroleum products and other commodities have arrived at ports in Lagos.

The Nigerian Ports Authority disclosed that one of the vessels was carrying petrol, while two other ships would berth with bulk fertiliser, empty container and diesel.

Fuel scarcity: This is getting too much - Nigerians lament - on TV:

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