OIL & GAS SECTOR INSIGHT 09/05/2022
Why Fuel Queues Resurfaced In Abuja — NNPC
The Nigerian National Petroleum Corporation has ascribed the sudden appearance of fuel queues in parts of Abuja to low loadouts and increased purchases that characterise post-holiday periods.
Recall that most filling stations in Abuja and neighbouring states of Nasarawa and Niger that dispensed Premium Motor Spirit, popularly called petrol, on Sunday were greeted with long queues.
It was observed that many other outlets were shut as they claimed not to have products to dispense, a development that led to the crowding of the filling stations that dispensed the commodity.
However, the NNPC spokesman, Garba Deen Muhammad, in a statement on Monday, said the company had sufficient fuel supplies to satisfy the demands of Abuja residents for over six weeks.
The statement partly read, “The NNPC Ltd notes the sudden appearance of fuel queues in parts of Abuja. This is very likely due to low loadouts at depots which usually happen during long public holidays, in this case, the Sallah celebrations.
“Another contributing factor to the sudden appearances of queues is the increased fuel purchases which is also usual with returning residents of the FCT from the public holidays.”
He further said that the NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority ( NMDPRA), in conjunction with our marketing partners, had taken necessary measures to ramp up loadouts from all depots.
He assured all residents of the FCT and Nigerians that NNPC had ample local supplies and national stock in excess of 2.5 billion liters, with sufficiency of more than 43 days.
“The NNPC Ltd hereby advises motorists not to engage in panic buying as supplies are adequate as will become increasingly evident in the coming days.”