Fuel Queues: NNPC Breaks Silence, Blames Situation On Road Projects

The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in...

The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in Lagos State and Abuja on some construction projects going on in the state.

NNPC’s Executive Vice President, Downstream, Mister Adeyemi Adetunju, gave this explanation while addressing a news conference in Abuja on Tuesday.

“The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in some parts of Lagos depots,” he said. “The gridlock is easing out and NNPC has programmed vessels and trucks to unconstrained depots and massive load outs from depots to various states are closely being monitored.”

“Abuja is impacted by the challenges recorded in Lagos. NNPC Retail and key marketers have intensified dedicated loading into Abuja to restore normalcy as soon as possible.”

But he assured Nigerians that efforts are ongoing to ensure that normalcy returns as soon as possible.

“We want to reassure all Nigerians that NNPC has sufficient products, and we significantly increased product loading including 24-hour operations in selected depots and extended hours at strategic stations to ensure products sufficiency nationwide,” he assured.

“We are also working with the NMDPRA, MOMAN, DAPPMAN, IPMAN, NARTO, PTD, and other industry stakeholders to ensure normalcy is returned.”

The NNPC, he added, has a “national PMS stock of over 2 billion litres. This is equivalent to over 30 days of sufficiency”.

Fuel scarcity is recurrent in Nigeria, one of the largest producers of crude oil globally. The most recent queues in several parts of the country have left many commuters stranded. Others have resorted to buying the product from black marketers who have cashed in on the situation to sell at exorbitant prices.

The government has said payment of subsidy for fuel is unstainable and has planned its removal for next year, a move that is sure to face pushbacks.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

RELATED ARTICLES

FG Lowers Entry Barriers In Latest Oil Round, 50 Blocks Up For Bidding

The Federal Government said it is lowering entry costs in the latest oil bid rounds

MRS to Sell Petrol at N839 per Litre as Dangote Refinery Increases Gantry Price to N799

The Dangote Refinery has increased the gantry price of Premium Motor Spirit (PMS) from N699

Seplat Records First Gas at 300mmscfd ANOH Processing Facility

Seplat Energy Plc has commenced gas supply from its ANOH Gas Processing Plant following the

TotalEnergies Signs SPA with Vaaris to Divest 10% Stake in Renaissance JV Assets

TotalEnergies has announced that its subsidiary, TotalEnergies EP Nigeria, has signed a Sale and Purchase

DisCos Billed Customers N255bn, Collected N210bn in October – NERC

Electricity distribution companies across the country billed customers a total of N255.19bn for power supplied

Eterna Plc Opens N21.52b Rights Issue to Fund Expansion

Eterna Plc has officially opened its N21.52 billion Rights Issue, as the integrated energy company

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

This Pop-up Is Included in the Theme
Best Choice for Creatives

Purchase Now

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.