According to the Minister of State for Petroleum, Dr Ibe Kachikwu, the
nation’s four refineries had been repositioned to produce 10
million litres of Premium Motor Spirit (PMS), popularly known as petrol,
Kachikwu said this on yesterday, Sunday, December 27, during his official visit to
Kaduna Refining and Petrochemical Company (KRPC). He stated that the mission of the visit was to ascertain the
current state of the refinery and identify areas of challenges for the
workers at the refinery.
He noted that a lot of progress has been made in terms of
availability of fuel in the various cities and towns as the long queues
are fast disappearing from the filling stations. While commending the
management of KRPC for keeping the refinery working for more than a week
now, he however said there was room for improvement so as to move the
current production level from 1.5 million litres to 2 or 3 million
litres per day.
He expressed confidence that with more refineries coming on stream
the fuel supply situation will continue to improve in the country. He stressed that the Federal
Government was doing all it could do to ensure the subsidy on fuel is
resolved without inflicting more pains on Nigerians.
“Everybody is on the same page that we need to get out of it; should
we sale product at a certain price or should we let free market rolling
so that we can sky rocket prices,” he said.
According to him, the
President says that product should go for N87 per litre for now and that
he has given an approval to look at market trends and make adjustment
if need be.