According to Dr Ibe
Kachikwu, the President says that product should go for N87 per litre for now
and that he has given an approval to look at market trends and make adjustment
if need be.
The Minister of State for
Petroleum, Dr Ibe Kachikwu, said the nation’s refineries had been repositioned
to produce not less than 10 million litres of Premium Motor Spirit (PMS),
popularly known as petrol, per day.
Kachikwu stated this on
Sunday during his official visit to Kaduna Refining and Petrochemical Company
(KRPC).
According to Kachikwu, the
mission of the visit was to ascertain the current state of the refinery and
identify areas of challenges for the workers at the refinery.
“A lot of work has been
done and a lot manpower have been put in place. But a lot still needs to be
done in order to put this refinery to work continuously and reliably,” he said.
He noted that a lot of
progress has been made in terms of availability of fuel in the various cities
and towns as the long queues are fast disappearing from the filling stations.
While commending the
management of KRPC for keeping the refinery working for more than a week now,
he however said there was room for improvement so as to move the current
production level from 1.5 million litres to 2 or 3 million litres per day.
He expressed confidence
that with more refineries coming on stream the fuel supply situation will
continue to improve in the country.
While fielding questions
later from newsmen, the minister said the Federal Government was doing all it
could do to ensure the subsidy on fuel is resolved without inflicting more
pains on ordinary Nigerians.
“Everybody is on the same
page that we need to get out of it; should we sale product at a certain price
or should we let free market rolling so that we can sky rocket prices,” he
said.
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