Kyari made the revelation after a meeting with Vice President Kashim Shettima at the Aso Rock.
He said with deregulation of the oil sector, market realities will force the price of petrol up sometimes and at other times force it down.
The NNPCL boss said the increase in the pump price per litre of petrol from five hundred and forty to six hundred and seventeen naira is not a supply issue, assuring Nigerians that the country has “robust supply” of petrol.
Kyari said Nigeria has over thirty two days of supply and not short of petrol.
Meanwhile; filling stations are already shutting down operations in Port Harcourt, following the increase in the pump price of petrol from five hundred and eleven naira to six hundred and seventeen naira per liter.
Today FM’s Ifunanya Obeme-Ndukwe who visited some filling stations, reports that just few stations are operating, with customers already crowding them in panic.
While some stations have already adjusted their pump price to six hundred and seventeen naira per liter, others are still selling at the old price.
Some of the respondents who spoke to Today FM, expressed displeasure over the sudden increase in the price of petrol, noting that an increase is not what Nigerians need at the moment.
In the meantime, the Petroleum Product Retail Outlet Owners Association of Nigeria, says it will make an official comment on the issue, after its meeting with stakeholders today.
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