The resolution reached between the Federal Government and Labour on subsidy of petrol will guide the Nigerian National Petroleum Corporation (NNPC) in taking a position on the contentions issues.
NNPC’s Group Managing Director Malam Mele Kyari has been advocating full cost recovery for petrol whereby the corporation will be given free hand to manage product sale in accordance with market fundamentals.
On whether the NNPC is prepared for the resolution of the Government/Labour talks, the Corporation’s Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, told The Nation: “We are just waiting”.
He, however, said the corporation would continue to retain the current ex-depot price, pending the directive or announcement from the Federal Government.
Obateru said: “The GMD made everything clear as to the real situation and the position of things. If it was left to us, we (NNPC) would like to recover the full cost of production. But, the government wants to carry Labour along and reach an amicable resolution of the issue as to how it will be done.
“They want to come into agreement as to how deregulation will be effective. So, we (NNPC) are just waiting. But, we will continue to charge the same price.
“So, our ex-depot price will remain until such as agreement is reached. We are just waiting for them to come to that amicable resolution. Once it is communicated to us, we take the next steps”.
