The Nigerian National Petroleum Corporation (NNPC) on Monday said that there would be no increase in the ex-depot price of Premium Motor Spirit, otherwise called petrol, in May.
Also, the Group Managing Director, Mele Kyari confirmed on Monday that Petroleum Tanker Drivers had suspended their proposed strike following NNPC’s intervention in the impasse between the PTD and the National Association of Road Transport Owners.
“Following GMD #NNPC Mallam @MKKyari’s intervention in the National Association of Road Transport Owners/Petroleum Tanker Drivers impasse, PTD has just announced the suspension of its planned strike until closure of discussion between both parties”, it tweeted.
The national oil company has since February maintained an ex-depot price of N148/litre.
Ex-depot price is the cost of petrol at oil depots. Currently, the Corporation is the sole importer of petrol into the country.