The Group General Manager, Crude Oil Marketing Department of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has said that the sale of petrol at N145 per litre is not sustaining due to the current economic recession. Kyari stated this while speaking at the 10th Oil Trading and Logistics Africa Downstream Week in Lagos.
According to Kyari, the current economic downturn has made it impossible to import petroleum products at the current market price and at the current fixed foreign exchange rate and still make profit as well as recovered the capital invested in importation.
1 comment:
NNPC DEM DEM!!!
Post a Comment