The Nigerian National Petroleum Company Limited (NNPCL) has said that it will deliver over 1.7 billion litres of PMS on marine and on land as the fuel scarcity persists nationwide, maintaining that there are no plans to raise PMS pump price now.
The Group Managing Director of the company, Malam Mele Kyari, who made these disclosures 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) in Abuja.
Noting that the current fuel queues at the filling stations are due to panic buying, the industry top player urged Nigerians to stop panic buying and buy only what they need daily.
According to him, the company is working very hard with partners to ensure that the lingering fuel scarcity is fully addressed.
Kyari explained: “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 added.
He also spoke on the engagement of services of government, security agencies by the NNPCL to ensure that all products loaded are delivered to the filling station, adding that marketers selling fuel above the stipulated pump price will be sanctioned.
