The Group Managing Director, Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, has disclosed that NNPC cannot maintain a pump price of N170 per litre for Premium Motor Spirit, popularly called petrol or fuel.

Kyari, while speaking at the Legislative Transparency and Accountability Summit organised by the House of Representatives Committee on Anti-Corruption in Abuja on Wednesday, stated that the landing cost of fuel was thrice the amount.

Kyari stated that it is not possible for to buy fuel at N170 when the actual cost is thrice that value.

The GMD also stated that he has been receiving death threats over the reforms he was spear heading in the oil and gas industry.

Kyari further stated that he was not deterred by the threats.