Nigerian National Petroleum Corporation (NNPC) has assured petroleum
products consumers across the country not to engage in panic buying in
the countdown to depot shutdown by Depot and Petroleum Products
Marketers Association of Nigeria (DAPPMAN) from Monday.
products consumers across the country not to engage in panic buying in
the countdown to depot shutdown by Depot and Petroleum Products
Marketers Association of Nigeria (DAPPMAN) from Monday.
The NNPC, countering the impact of the shutdown said it holds 2.6 billion litres of petrol and 90,000 metric tonnes of diesel.
It said the stock is expected to last 52 days, even if no single drop of products is imported.
NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, gave the assurances on Sunday night.
Ughamadu said the shutdown would not affect products distribution as
NNPC has ordered all its depots across the country and those of bulk
purchase Marketers it recently entered agreements with to undertake a 24
hour operations to avert any shortages in products distribution in the
country.
NNPC has ordered all its depots across the country and those of bulk
purchase Marketers it recently entered agreements with to undertake a 24
hour operations to avert any shortages in products distribution in the
country.
“All NNPC depots, Petroleum Products Marketing Company (PPMC)
throughout partner depots, the Major Marketers depots and depots of
Depot and Petroleum Products Marketers Association of Nigeria (DAPMAN)
members who signed the Bulk Purchase Agreement, BPA, with PPMC as well
as NNPC Retail stations, Major Marketers Association of Nigeria (MOMAN)
and Independent Petroleum Marketers Association of Nigeria (IPMAN)
filling stations, will continue to operate at maximum levels to ensure
uninterrupted distribution of petroleum products nationwide.
throughout partner depots, the Major Marketers depots and depots of
Depot and Petroleum Products Marketers Association of Nigeria (DAPMAN)
members who signed the Bulk Purchase Agreement, BPA, with PPMC as well
as NNPC Retail stations, Major Marketers Association of Nigeria (MOMAN)
and Independent Petroleum Marketers Association of Nigeria (IPMAN)
filling stations, will continue to operate at maximum levels to ensure
uninterrupted distribution of petroleum products nationwide.
He said despite the threats by DAPPMAN, government was committed to
going ahead with settling the N236 billion first tranche of the verified
subsidy claims of the Oil Marketers in line with the approval of
Federal Executive Council (FEC) and National Assembly (NASS) by Friday,
14 December, 2018 as promised by the corporation’s Chief Operating
Officer, Downstream, Engr. Henry Nkem Obih in a statement recently.
going ahead with settling the N236 billion first tranche of the verified
subsidy claims of the Oil Marketers in line with the approval of
Federal Executive Council (FEC) and National Assembly (NASS) by Friday,
14 December, 2018 as promised by the corporation’s Chief Operating
Officer, Downstream, Engr. Henry Nkem Obih in a statement recently.
The NNPC spokesperson advised members of the public to report to
offices of the Departments of Petroleum Resources (DPR) across the
states any fuel stations which attempts to take advantage of the
situation to inflate products price, saying that the price of PMS
remains N145 per litre.
offices of the Departments of Petroleum Resources (DPR) across the
states any fuel stations which attempts to take advantage of the
situation to inflate products price, saying that the price of PMS
remains N145 per litre.
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