The Group Chief Executive Officer, Nigerian National Petroleum Company Limited, Mele Kyari, on Thursday, assured Nigerians that the rising prices of Premium Motor Spirit, known better as petrol across the country will come down.
The NNPC boss said competition among major players in the oil sector would force down the price of petrol as against the upward trends that have caused panic in the country.
The reports that queues returned to fuel stations across the country following the recent increase in the petrol pump price occasioned by the discontinuance of petroleum subsidy.
Earlier on Wednesday, the NNPC said it had adjusted the pump price of petrol to reflect the market realities. The agency, however, failed to state the new prices of petrol.
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