Fuel scarcity: NNPC assure Nigerians of 1.7bn litres stock
By Omotayo Edubi
The Nigerian National Petroleum Company (NNPC) Limited has promised to deliver over 1.7 billion litres of PMS on marine and on land as the fuel scarcity persists across the nation, adding that it also had no plans to adjust the current price of PMS in the market.
The Group Managing Director, Nigeria National Petroleum Corporation Limited (NNPC), Malam Mele Kyari gave the assurance in a joint briefing with Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN) and Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) at the NNPC towers in Abuja on Wednesday.
The GMD said that the current fuel queues at the filling station were down to panic buying.
“NNPC is further intensifying efforts to resolve distribution hitches being experienced in some parts of the country due to logistics issues. We have engaged depot operators to load product round the clock to accelerate the restoration of normal distribution.
“We have capacity now to load from all depots. We are currently running 24 hours loading from all our depots and we believe this will close the gap created by panic buying. We hope this will bring normalcy to the system soon he believed,” he said.
The GMD also disclosed that the corporation had engaged the services of government, security agencies to ensure that all products loaded got to the right destination adding that sanction will be meted to any operator selling above the stipulated pump price.