Nnpc intervenes crashes price of diesel

It seems like you're referring to a recent development in the Nigerian oil and gas industry. Here's a summary of what I've found:

The Nigerian National Petroleum Corporation (NNPC) has intervened in the market to stabilize the price of diesel, which had been experiencing a significant surge in recent times. According to reports, the corporation's intervention has led to a crash in the price of diesel, making it more affordable for consumers.

Prior to the NNPC's intervention, the price of diesel had risen to an all-time high, causing concerns among businesses and individuals who rely heavily on the fuel for their operations. The surge in price was attributed to a combination of factors, including the global shortage of diesel, increased demand, and the impact of the COVID-19 pandemic on the global economy.

In response to the crisis, the NNPC took steps to increase the supply of diesel in the market, which helped to stabilize the price. The corporation also worked with other stakeholders, including oil marketers and distributors, to ensure that the fuel was available at a reasonable price.

The NNPC's intervention has been welcomed by consumers, who are now able to access diesel at a more affordable price. The development is also expected to have a positive impact on the economy, as it will help to reduce the cost of production and transportation for businesses and individuals.

Overall, the NNPC's intervention in the diesel market is a positive step towards ensuring the stability and affordability of this essential fuel.