Posted by Johnchuks Onuanyim
The management of the Nigeria National Petroleum Corporation, (NNPC) has announced again the fall in the price of the Automotive Gas Oil (AGO) popularly called diesel as a result of the Corporation’s strategic interventions.
The management had last month announced the fall in the price of the AGO as low as N175-N200 in the beginning of last month.
But in a statement issued on Sunday by the NNPC Group General Manger, Group Public Affairs Division, Ndu Ugahmadu the management stated that the price has fallen down to N115-N160 at different locations.
Ughamadu explained that the continues fallen in the price was as a result of the sustained strategic interventions of the Corporations in the sector.
On the interventions, he said: “NNPC’s interventions included sustained improvement in the supply of the product and remodelling of the product distribution channels to address sufficiency issues across the country.
“Another area of intervention that has enhanced supply and distribution of diesel is the Corporation’s robust engagement with critical downstream stakeholders such as Major Oil Marketers Association of Nigeria (MOMAN), Nigerian Association of Road Transport Owners (NARTO), Petroleum Tanker Drivers (PTD) as well as Independent Petroleum Marketers, leading to the resolution of salient issues.
“The Corporation has also taken huge steps to resuscitate some of its critical pipelines and depots such as the Atlas Cove – Mosimi Depot Pipeline, Port-Harcourt Refinery – Aba Depot Pipeline, Kaduna – Kano Pipeline and the Kano Depot which have enhanced efficiency in the distribution of AGO. Efforts are also ongoing to revamp and re-commission other critical pipelines and depots across the country.”