A member of the People Democratic Party (PDP), National Presidential Campaign Council, Adetokunbo Pearse, says Nigerians have a right to know the actual landing cost of Premium Motor Spirit, (PMS), otherwise known as petrol.
Dr Pearse, speaking on a television programme yesterday, stated that a thorough scrutiny should be carried out on the Managing Director of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, over the fluctuation of landing cost.
According to him, “The way you solve a problem is to go to the source. Let the President go and interrogate NNPCL and let us find out – announce to the country what the landing cost is, so that we know exactly what we can make, and how much we can sell oil that will not cripple the economy. That’s what we need to do”.
He lamented that going back to the NNPC would affect the landing cost of imported fuel.
As of September 2022, the NNPCL, in a statement, noted that petrol will cost consumers N462 per litre without the Federal Government’s subsidy.
It added that the “rising crude oil prices and PMS supply costs above PPPRA (now NMDPRA) cap had forced oil marketing companies’ withdrawal from PMS import since the fourth quarter of 2017.
