The Petroleum Retailers Outlet Owners Association of Nigeria has praised the Federal Government and the Nigerian National Petroleum Corporation Limited (NNPCL) for stabilizing fuel prices without resorting to subsidy payments. Dr. Billy Gillis-Harry, the National President of the association, commended this achievement in an interview with Arise Television on Thursday.
Gillis-Harry emphasized that if the government claims there is no subsidy, then there is none, citing President Bola Ahmed Tinubu’s statement on the removal of subsidy in May 2023. He also noted the absence of official statements from the NNPC leadership regarding subsidy payments.
Regarding the recent rise in fuel prices, Gillis-Harry acknowledged the government’s efforts to manage the situation without resorting to subsidies, pointing out that Nigeria’s fuel prices remain among the lowest globally. He urged for credit to be given to the government and NNPC for their management of the fuel pricing mechanism.
On the topic of the Port-Harcourt Refinery, Gillis-Harry revealed that the refinery, which has recently completed its mechanical phase, has begun receiving crude oil. He expressed confidence in the refinery’s management team led by Dr. Onoja, stating that they are working diligently to ensure the refinery becomes fully operational in the near future.
Gillis-Harry also mentioned the ongoing efforts to monitor the Dangote Refinery, which has also commenced operations. He expressed the association’s commitment to supporting the refinery to ensure its products reach all parts of Nigeria seamlessly.
Vanguard News