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Fuel Scarcity Update: NNPC Reveals When Fuel Scarcity Will End(Read Details Here)

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3 years ago

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Fuel Scarcity Update: NNPC Reveals When Fuel Scarcity Will End(Read Details Here)

NNPC has revealed when Fuel Scarcity will end in Nigeria.

Nigerian National Petroleum Corporation Limited has stated the fuel queues in Abuja and Lagos will vanish in 3 days, stating that were issues around supply disruptions which have now been resolved.

This was disclosed by Mele Kyari, Group Chief Executive Officer, NNPC Ltd in an interview with Arise News on Sunday.

The oil boss also disclosed that NNPC is fully aware that there are issues with pricing and expects prices to normalise for the Nigerian consumer.

 

Fuel Scarcity Update: NNPC Reveals When Fuel Scarcity Will End(Read Details Here)

 

Kyari said, “First of all, there are issues around supply disruptions, this we are overcoming it, we have resolved them, and in the next 3 to 4 days, people will see relief and it ( fuel queues) will vanish.

“As we all know, there are no fuel queues in most parts of the country except Lagos and Abuja and we understand the real logistics issues and I am confident within the next 2-3 days this will vanish.

On PMS pricing, Kyari added, “there is no question around it (PMS price); the President has authorized his discretion, and the right decision to increase the cost of transporting fuel by N10, that means transporters will be able to take product from any depots to the furthest fuel station without any delay.”

“We also acknowledge that there are some facing logistic challenges, particularly in the marine sector we are resolving those, and convinced that prices will normalise very soon”, he added.

By Iyabo Aina

Publisher News Rain Nigeria

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