A Niger Delta group focused on combating pipeline vandalism has expressed its support for the reforms implemented by the Nigerian National Petroleum Company Limited (NNPCL) aimed at stabilizing the country’s downstream oil and gas sector.
Pathfinder Fiawei, the National Coordinator of the Anti-Pipeline, Oil Theft & Illegal Bunkering Task Force, shared this endorsement in a statement on Tuesday. He highlighted that the reforms led by Isiyaku Abdullahi, the Executive Vice President of NNPCL’s Downstream division, have made a significant impact, energizing this segment of the oil and gas industry.
Fiawei pointed out that NNPCL’s initiatives have fostered greater competitiveness in the downstream market, contributing to a gradual decline in the price of Premium Motor Spirit (PMS) for consumers.
“As a key stakeholder in the oil and gas sector, our group has thoroughly assessed NNPCL’s operations and the impactful reforms spearheaded by Isiyaku Abdullahi. These initiatives have considerably altered the landscape of the oil and gas industry in Nigeria,” he said.
This statement comes amidst ongoing debates regarding the importation of PMS, despite the Dangote Refinery’s capability to fulfill the nation’s entire petroleum needs.
During the Nigeria International Energy Summit in Abuja, Mele Kyari, the Group Chief Executive Officer of NNPCL, reaffirmed the company’s dedication to ensuring energy security in accordance with the Petroleum Industry Act.
Currently, NNPC retail stations offer PMS for N965 per litre, while Dangote petrol is priced at N945 per litre at MRS filling stations. Conversely, prices at other filling stations around the country range from N970 to N1000 per litre.
