NNPC to flood market with petroleum

The Nigerian National Petroleum Corporation
(NNPC) says it is intensifying efforts to flood the
market with petrol and other products to ease
scarcity pervading the country.
The News Agency of Nigeria (NAN) reports that
many motorists and travellers had been groaning
in pains in the last few days over the persistent
fuel scarcity across the country.
The NNPC spokesman, Mr Ndu Ughamadu, said
on Saturday in a statement in Abuja that already,
six major marketers: Total, Forte Oil, Oando Plc,
MRS, 11 Plc and NIPCO Plc, were loading
products round the clock from their various
depots in Lagos for onward trucking to other
parts of the country.
”The supplies are mostly from cargoes of PMS
imported by NNPC which are daily berthing, and
immediately being made to discharge their
products to stem the supply hiccups.
”The imported products are also being
supplemented by supplies from the local
refineries.
”NNPC assures Nigerians to remain calm and not
to engage in panic buying as the end of the
challenge is nigh.
”Marketers are strongly advised against hoarding
as security agencies, working with industry
regulators, will mete out appropriate sanctions to
defaulters,” Ughamadu said.
The NNPC Group Managing Director, Dr Maikanti
Baru, had earlier in the week, said that the
corporation’s one billion litres of PMS cargo
imports had started to arrive.
He said that supplies to various parts of the
country had been doubled to 80 million litres per
day since the current hiccup in the supply chain
was noticed few days back. (NAN)