BREAKING: NNPC Resumes Supply, Supposedly Clears Old Stocks

NNPC has resumed supplying petrol to Independent marketers as three vessels berthed at the Apapa depot in Lagos on Wednesday to discharge petrol......See Full Story>>.....See Full Story>>

Multiple sources told our correspondent that loading improved on Wednesday compared to Tuesday, when the marketers stayed away.

“Loading is picking up slowly. It is far better than yesterday (Tuesday),” a source said.

Another depot operator, who spoke on condition of anonymity because he was not authorised to speak on the matter, said supply was ramped up by the NNPC, the sole importer of petrol.

“Supply is good today (Wednesday). Three PMS-laden vessels are in Apapa jetty now as we speak. Two of them are already discharging the product,” the depot official said.

It was gathered that the NNPC was making efforts to sell its old stocks before starting its transaction with Dangote refinery

While unveiling its PMS on Tuesday, Dangote announced that the product would hit the market in 48 hours, adding, however, that this was subject to the readiness of the Federal Government and the NNPC.

Nigerians are eager to know whether or not the Dangote refinery could crash the price of PMS.

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