Petrol Scarcity Spreads Across Nigeria, Sells For 1300/Litre At Black Market
The Nigerian National Petroleum Company Ltd affirmed on Tuesday that the ongoing fuel scarcity and queues across the country will be cleared out by Wednesday, May 1......Read The Full Article>>.....Read The Full Article>>
The Chief Communications Officer, NNPCL, Olufemi Soneye, confirmed this to newsmen on Tuesday in Lagos.
According to Soneye, the company currently has products available exceeding 1.5 billion litres, which can last for at least 30 days.
He said, “Unfortunately, we experienced a three-day disruption in distribution due to logistical issues, which has since been resolved.
“However, as you know, overcoming such disruptions typically requires double the amount of time to return to normal operations.
“Some folks are taking advantage of this situation to maximize profits.
“Thankfully, product scarcity has been minimal lately, but these folks might be exploiting the situation for unwarranted gain.
“The lines will be cleared out between today and tomorrow.”
Earlier, the Chief communications officer of the NNPC, Soneye warned petroleum products consumers against panic buying and hoarding of fuel.
Soneye, told PREMIUM TIMES last Thursday that the challenge in the supply of petrol currently being experienced in some areas across the country is a result of logistics issues and they had been resolved.
He said the issue had nothing to do with the NNPC as the company had enough stock of petroleum products.
“We have abundant products. It is just a transportation glitch. Some trucks are already loading from Lagos and are coming into Abuja. Everything should be back to normal hopefully by the end of today.
“You will see that all the trucks will start coming in. So there is nothing to be concerned about. I also wish to reiterate that the prices of petroleum products are not changing. I urge Nigerians to avoid panic buying as there is a sufficiency of products in the country,” Mr Soneye said last Thursday.
