NNPC pledges adequate fuel supply for yuletide

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The Nigerian National Petroleum Corporation (NNPC) says it would ensure adequate supply of petroleum products to the market to meet expected surge in demand as the yuletide season comes on.

The statement comes in response to reports of strike threats by the Lagos Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN).

IPMAN is reported to threaten to withdraw its services in Lagos and its environs over alleged discrepancies in ex-depot prices, among others.

In a statement by the Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, the Corporation clarified that the Ejigbo Satellite Depot was fully stocked and carrying out regular loading services.

The Corporation further explained that the Ejigbo Satellite Depot had consistently dispensed premium motor spirit (petrol) at the approved price of N133.28 per litre contrary to allegations that it was sold at a higher price.

It said there was enough petroleum products in the country to last till the end of the year and that 25 vessels laden with petroleum products were also being expected to berth between now and January 2018 to further boost supplies.

The Corporation, therefore, urged members of the public not to entertain any fear or engage in panic buying of petroleum products as there was enough to keep the country well supplied.

It stated that the appropriate government agencies have been contacted to settle the rift between IPMAN and the Depot and Petroleum Products Marketers Association (DAPPMA).

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