Connect with us

Nigeria news

Fuel scarcity will end next week, says NNPC

Published

on


The Nigerian National Petroleum Corporation (NNPC) said it regretted the hardships caused Nigerians by the supply of the dirty fuel, saying the struggles for petrol would end by next week, with the efforts being made by the company to correct the anomaly.

The Group Managing Director of the NNPC, Melee Kyari, also disclosed that the company was filing claims against suppliers of the substandard PMS, while alleging that Duke Oil, one of the company’s subsidiaries, shares in the blame.

The committee, which grilled the NNPC GMD, at its investigative hearing in Abuja on Wednesday, demanded sanctions against the erring importers.

The Chairman of the committee, Abdullahi Gaya, in his opening address, stated that the probe was “to elucidate the current fuel scarcity which has a negative impact on the people.”

Gaya asked, “The whole country would like to know the current situation of the nation in respect of the supplies and what transpired from the beginning to the end.”

Responding, Kyari said the NNPC had taken every necessary step to restore supply.

“We have placed orders significant enough for us to cross into March, with at least 2.1 billion litres of the PMS in our custody. The situation you are seeing today, I can assure you that by next week, it will vanish, all things being equal, because of distribution issues that we may not have control over, including the movement of trucks. Otherwise, we have a robust supply arrangement to make sure that we exit this issue,” he said.

The NNPC GMD said most of the petroleum products consumed in Nigeria are imported. He noted that imports are done based on contractual arrangements known as Direct Sale Direct Purchase.

“Even if all our refineries come up today, except Dangote Refinery, we will still be in short supply of PMS, because all of our refineries can only make 18 million litres of gasoline (per day). Consumption is certainly above 18 million litres,” Kyari stated.

He also decried that petrol, which the Federal Government subsidies, is being smuggled out of Nigeria, giving rise to the high daily consumption figure.

The GMD of the NNPC said, “On the basis of those contracts, our suppliers bring products to us and reconcile with them regularly. Part of those supply arrangements is to give specifications to your suppliers.”

He added, “There was simply no way, based on the current specification, that you will know this PMS contains methanol. It is not part of their requirements at the load port. So, we did not ask them to declare whether it contained methanol because it is not part of our specification.”

Advertisement
Click to comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Advertisement

Trending