Fuel Scarcity: NNPC places order for 1bn litres of petrol

The Management of the Nigerian National Petroleum Corporation (NNPC) on Monday began fresh measures to halt what it described as artificially induced petrol scarcity noticeable in some parts of the country. To this end, the corporation has ordered the importation of more than one billion litres of petrol in March to address short fall in supply The Group Managing Director (GMD), NNPC, Dr Joseph Dawha, in conjunction with the Chief Executive Officers of the NNPC subsidiaries, began detailed monitoring of fuel stations in Abuja.

Others in the exercise are the Executive Secretary of the Petroleum Products Pricing and Regulatory Agency (PPPRA), Mr Farouk Ahmed, and the Managing Director of Pipeline Products Marketing Company (PPMC), Mr Haruna Momoh, Also in the team was the Director of Department of Petroleum Resources (DPR), Mr George Osahon. Dawha said the exercise was to checkmate hoarding and panic buying of petrol, particularly in Abuja, Lagos and its environs.

The GMD said there was enough petrol in the nation’s stock to take care of the need of motorists. He said as the supplier of last resort, the corporation was doing everything within its mandate to alleviate the avoidable hardship caused by the situation. The Executive Secretary, PPPRA, said the problem was more of artificial because there were enough products.

Culled from: Freedom Online