“The Queues Will Go”: NNPC Lists FactorsTo End Fuel Scarcity in Nigeria
- NNPCL said it is doing everything within its power to put an end to the fuel scarcity
- The organisation is eager to work with all stakeholders in the oil business to find a solution to the fuel crisis
- It stated that nobody should be preventing IPMAN or any other marketer from purchasing straight from the Dangote refinery
Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.
On Thursday, the Nigerian National Petroleum Company Limited (NNPCL) declared that it was making every effort to end the fuel shortage.
Source: Getty Images
According to Executive Vice President Adedapo Segun of the downstream division, NNPCL is willing to include all parties involved in the oil industry in order to put an end to the fuel shortage.
Adedapo stated on the Arise TV Morning Show that IPMAN will continue to purchase petroleum from the Dangote refinery despite opposition from the Nigerian government.
PAY ATTENTION: Сheck out news that is picked exactly for YOU ➡️ find the “Recommended for you” block on the home page and enjoy!
He said:
“NNPC is doing everything they can to see fuel scarcity go away. We need to get all players come in and no one is holding IPMAN or all the other marketers from buying directly from Dangote refinery. The queues have come and they will go.
“Market conditions need to be perfect, and there must be FX liquidity, we have supplied about 30 million barrels to Dangote so far. Six-point-three million this month, and we will supply 11.3 million in October.”
FG speaks on new petrol price
Legit.ng reported that the NNPCL was not given an order to raise the price of petroleum to N1,000, the federal government said.
The special advisor for media and communication, Nnemaka Okafor, released a statement on Tuesday, September 3, on behalf of Sen. Heineken Lokpobiri, minister of state petroleum resources (oil), stating that he did not provide instructions to NNPC Ltd. or any other company in the industry to manipulate prices.
The federal government has been compelled to address the outright falsehood and malicious claims currently circulating on social media. We categorically condemn these claims as baseless, malicious, and a deliberate attempt to incite public discontent.
Proofreading by Nkem Ikeke, journalist and copy editor at Legit.ng.
PAY ATTENTION: Donate to Legit Charity on Patreon. Your support matters!
Source: Legit.ng
