Sunday, May 5, 2024

NNPC blames latest fuel scarcity on logistics, says all issues resolved  

- Advertisement -spot_imgspot_img
- Advertisement -spot_imgspot_img

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has attributed the recent scarcity of fuel in some regions of the country to logistical problems impacting the distribution of the product in those areas. 

The spokesperson of NNPC, Olufemi Soneye, made this disclosure in a statement on Thursday in Abuja.  

Soneye, however, stated that the logistics issues have been fully resolved, and added that there will now be fuel availability in those regions. 

He also warned against panic buying of petrol as there is no shortage of fuel in the country.  

Recommended reading: All issues of energy scarcity to end in 10 years – NNPCL

Moreover, the NNPC’s spokesperson emphasized that the company has no intention of increasing fuel price in the country. 

  • “The Nigerian National Petroleum Company Limited (NNPC Ltd.) wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is as a result of logistics issues and that they have been resolved. 
  • “It also wishes to reiterate that the prices of petroleum products are not changing. 
  • “It urges Nigerians to avoid panic buying as there is a sufficiency of products in the country,” Soneye said. 

Backstory 

Earlier on Wednesday and Thursday April 24 and 25, there were reports of many filling stations closed in Abuja, Kaduna and about five other states as a result of the scarcity of Premium Motor Spirit, popularly called petrol caused heavy queues at the few outlets that dispensed the product. 

  • There were also reports of a hike in transport fares in the affected states, as the few transporters who had petrol raised their rates. 
  • It was gathered that the scarcity was due to a shortage in the supply of PMS to the nation’s capital and other states, as this led to the closure of filling stations in the affected areas. 
  • Oil marketers, however, stated that they would hold a meeting with the management of the retail subsidiary of the Nigerian National Petroleum Company Limited today (Thursday) to know the cause of the shortage and how to tackle it. 

 


Follow us for Breaking News and Market Intelligence.
Beryl TV app-store-banner NNPC blames latest fuel scarcity on logistics, says all issues resolved   economy Beryl TV whatsapp-banner NNPC blames latest fuel scarcity on logistics, says all issues resolved   economy Beryl TV telegram-banner NNPC blames latest fuel scarcity on logistics, says all issues resolved   economy



- Advertisement -spot_imgspot_img
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here

%d bloggers like this: