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The Nigerian National Petroleum Company Ltd, NNPCL has attributed the increase in the price of Premium Motor Spirit (PMS) also known as petrol to the market realities.
The company’s Group Chief Executive Officer, Malam Mele Kyari, stated this in an interview with newsmen shortly after a private meeting with the Vice President, Kashim Shettima, at the Presidential Villa, on Tuesday in Abuja.
Kyari explained that the increase in the price of PMS has nothing to do with supply issue, adding that there are robust supply of the product in the country.
He assured Nigerians that the policy was the best way for the country going forward.
