Fuel scarcity to end in days – NNPC

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PIC. 19. VEHICLES QUEUING FOR PETROL AS SCARCITY OF THE COMMODITY PERSISTS IN ABUJA ON MONDAY (2/3/15). 1109/2/3/2015/SAA/BJO/CH/NAN
Factual Pursuit of Truth for Progress

THE Nigerian National Petroleum Corporation Limited has revealed that the fuel queues in Abuja and Lagos will vanish in three days.

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

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

“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 relieve 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, he 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.

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