FUEL SCARCITY: NNPC Calls Oil Marketers’ Bluff, Says There Is Sufficient Petrol
If you are already fretting over a looming fuel scarcity as threatened by the oil marketers on Sunday, worry no more.
The Nigerian National Petroleum Corporation, NNPC said it got this covered.
The corporation said on Monday that Nigeria will not encounter any fuel scarcity this season regardless of the recent threats and ultimatum by the oil marketers.
The corporation said it was engaging the marketers and other agencies of government to address the demands of the oil dealers, but declared that there was no need to panic as it had enough stock of petrol to keep the country wet.
Oil marketers had on Sunday issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts including foreign exchange differentials and interest rate component owed to them.
The marketers, under the aegis of Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria and the Independent Petroleum Products Importers, had threatened that failure to meet the deadline would force its members to disengage their workers.
The Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, also said that there was no need to panic despite the oil marketers’ ultimatum.
“No cause for worries. We have a robust fuel stock and high sufficiency level. Consumers should not panic,” he said.
On 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.
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