Fuel Scarcity: NNPC explains situation, reassures consumers of products sufficiency

*The Nigerian National Petroleum Company Limited reassures all consumers that the Company has sufficient products, with a significant increase in product loading including 24-hour operations in selected depots and extended hours at strategic filling stations nationwide

Isola Moses | ConsumerConnect

As the relative fuel scarcity worsens with attendant higher prices in major cities, the Nigerian National Petroleum Company Limited (NNPCL) has blamed the fuel queues in especially Abuja, FCT, and  Lagos State on some ongoing construction projects in the state.

ConsumerConnect reports Adeyemi Adetunju, Executive Vice-President, Downstream at NNPC, said this while addressing a press conference Tuesday, November 29, 2022, in Abuja, FCT.

Malam Meje Kyari, Group CEO of NNPCL 

Adetunju stated: “The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in some parts of Lagos depots.

“The gridlock is easing out and NNPC has programmed vessels and trucks to unconstrained depots and massive load outs from depots to various states are closely being monitored.”

The Executive Vice-President, Downstream also explained that

“Abuja is impacted by the challenges recorded in Lagos.

“NNPC Retail and key marketers have intensified dedicated loading into Abuja to restore normalcy as soon as possible.”

But, he assured Nigerians that efforts are ongoing to ensure that normalcy returns as soon as possible.

He said: “We want to reassure all Nigerians that NNPC has sufficient products, and we significantly increased product loading including 24-hour operations in selected depots and extended hours at strategic stations to ensure products sufficiency nationwide.

“We are also working with the NMDPRA, MOMAN, DAPPMAN, IPMAN, NARTO, PTD, and other industry stakeholders to ensure normalcy is returned.”

The NNPC has a “national PMS stock of over 2 billion litres.

“This is equivalent to over 30 days of sufficiency,” he disclosed.

Impact of recurrent fuel scarcity on consumers

Fuel scarcity is said to be recurrent in Nigeria, one of the largest producers of crude oil globally.

Subsequently, the most recent queues in several parts of the West African country have left many commuters stranded, especially in major cities.

Other consumers have resorted to buying the product from black marketers who have cashed in on the situation to sell at exorbitant prices.

Meanwhile, the Federal Government has stated that the payment of subsidy for fuel is north sustainable.

The authorities have planned removal of fuel subsidy for next year.

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