CEM REPORT | Nigerian National Petroleum Corporation (NNPC) Limited, has stated that issues which have birthed fuel queues experienced in different parts of the country have been resolved.
The Nigerian Oil Importer said in the next 3 days fuel queues will be a forgotten incident.
This is according to the NNPC Group Chief Executive Officer, Mele Kyari, in an interview with Arise News on Sunday.
“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 the issue of variation in price, Kyari, said price is expected to return to normal as the Federal Government has not changed the price of PMS.
“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”.
Recall CEM reported that the Independent Petroleum Marketers Association of Nigeria (IPMAN) said they couldn’t purchase petrol from approved depot as the Pipelines and Product Marketing Company (PPMC) hasn’t supply products to the Ejigbo depot.
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