NNPC Dismiss Fuel Scarcity Fears, In Talks With Oil Marketers

NNPC Dismiss Fuel Scarcity Fears, In Talks With Oil Marketers

 

 

The Nigerian National Petroleum Corporation (NNPC) has dismissed rumours going around of an impending fuel scarcity by Nigerian oil marketers, telling the public not to worry.

 

The NNPC also revealed it is currently engaging with the oil marketers and other agencies of governments to address the demands of the oil marketers.

 

The corporation has allayed public fears saying it has sufficient stock of petrol to ‘keep the country wet.’

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Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu gave the assurance for ‘consumers not to panic’ even as oil marketers give an ultimatum. ‘No cause for worries,’ he said.

 

Asked whether the corporation had reached out to the marketers to address their concerns, the NNPC senior official stated that the oil firm was not only engaging the oil dealers but was also meeting with the Federal Ministry of Finance and the Debt Management Office to resolve the matter.

 

According to Ughamadu, there had been positive outcomes with regards to resolving the marketers’ concerns.

 

‘NNPC is engaging marketers’ bodies, Federal Ministry of Finance and the Debt Management Office on the issue. Going by positive outcomes so far, we are optimistic of a prompt resolution of the contending matter,’ he added.

 

Earlier reporting revealed the Nigerian public was in danger of suffering a shortage of fuel during the festive season if the federal government failed to settle outstanding debts totaling N800 billion. The oil marketers had unanimously issued a seven-day ultimatum to the President Muhammadu Buhari-led administration.

 

The oil marketers, comprising Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DPPMA) and Independent Petroleum Products Importers (IPPI), said failure to meet the deadline would force its members to disengage workers from depots across the country.

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