NNPC Boss Cuts Short Foreign Trip To Address Fuel Scarcity

NNPC Boss Cuts Short Foreign Trip To Address Fuel Scarcity

In Jabi, THISDAY observed queues at a NIPCO filling station which was equally dispensing to consumers.

The FEC meeting which held in President Muhammadu Buhari's absence was presided over by Vice President Yemi Osinbajo.

The corporation was reacting to tension buoyed by crossfire between Independent Petroleum Marketers Association (IPMAN) and depot owners over hike in ex-depot price above the modulated N133.28 per litre.

On Monday, the NNPC informed Nigerians that there was no plan whatsoever to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.

Most petrol stations nationwide are now besieged with queues, some are either shut down while those opened are flooded with inevitable queues.

A statement from NNPC's General Manager, Public Affairs Division, Mr Ndu Ughamadu, on Tuesday, however, said the firm's boss assured Nigerians that there were sufficient products to cater for the needs of the citizens.

"We will also get these details from the filling stations to ascertain when last they got supplies and the quantity sold".

"The trucks have started loading the products and we hope by tomorrow when the commodity would have reached the filling stations, the problem will be over", he said.

"In a bid to salvage the fuel supply and distribution challenges witnessed in some parts of the country due to panic buying from motorists, the Group Managing Director of the NNPC, Dr. Maikanti Baru, cut short his trip to London". When I said that independent marketers need the product most, I'm talking in relation to numbers of marketers that are members of IPMAN.

He said more truckload of petroleum products have been directed to be dispatched to various parts of the country to cushion the effects of excessive demand caused by panic buying.

"We will take time out to embark on a serious oversight".

"Unfortunately he wrote informing us of his inability to honour the invitation. Even if he cannot make it he can send people that are in good authority to speak on his behalf".