HEINEKEN LOKPOBIRI, ASSURES OF AVAILABILITY OF PETROL DESPITE SCARCITY AND HIKE.

The Minister of State (Oil) Petroleum Resources, HEINEKEN LOKPOBIRI, says there is availability of petrol despite the scarcity and hike in the price of the product.

LOKPOBIRI, who stated this yesterday  while briefing newsmen at the Presidential Villa, Abuja after meeting with Vice President KASHIM SHETTIMA, assured Nigerians that the scarcity being experienced would be over before weekend as petrol would be available across the country.

 He stated that once the product is available, the price would be stabilized, but insisted that government is not fixing prices as the sector has been deregulated.

 Also speaking, the Executive Director, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), KALU OKUOHA, said regulatory efforts were geared toward stabilising supply of petrol in the country, which he said would impact positively on stability of price.