NNPC to tackle fuel scarcity with one billion-litre import

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The Management of the Nigerian National Petroleum Corporation on Monday began fresh measures to halt what it described as artificially-induced petrol scarcity noticeable in some parts of the country.

To this end, the corporation said it planned to import more than one billion litres of petrol in March to address the short fall in supply

The News Agency of Nigeria reports that the Group Managing Director, NNPC, Dr Joseph Dawha, in conjunction with the Chief Executive Officers of the NNPC subsidiaries, began detailed monitoring of fuel stations in Abuja.

Others in the exercise were the Executive Secretary of the Petroleum Products Pricing and Regulatory Agency, Mr Farouk Ahmed, and the Managing Director of Pipeline Products Marketing Company, Mr Haruna Momoh,

Also in the team was the Director of Department of Petroleum Resources, Mr George Osahon.

Dawha said the exercise was to checkmate hoarding and panic buying of petrol, particularly in Abuja, Lagos and its environs.

The GMD said there was enough petrol in the nation’s stock to take care of the need of motorists.

He said as the supplier of last resort, the corporation was doing everything within its mandate to alleviate the avoidable hardship caused by the situation.

The Executive Secretary, PPPRA, said the problem was more …Read More

Source:: NNPC to tackle fuel scarcity with one billion-litre import