FUEL SCARCITY TO FADE OFF AS VESSELS ARRIVE NIGERIA

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The Nigerian National Petroleum

Corporation (NNPC) has expressed

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empathy and strong solidarity with

members of the public over the lingering

challenge in accessing petroleum products

across the country just as it reeled out

multiple measures to end the unfortunate

situation before the end of the year.

Group Managing Director of the

Corporation, Dr. Maikanti Baru, told

journalists at a media briefing and follow-

up tour of some fuel stations in Abuja on

Sunday that measures were already in

place to bolster the current fuel supply and

eliminate the extraneous factors that have

led to the persistent petrol queues.

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He said within the last two weeks the

national truck out capacity had been

jerked up to an average of 1,500 trucks,

translating to 52 million litres per day

which is much higher than the normal

consumption of 850 trucks per day across

the various depots in the country. Also the

Corporation has emplaced a 24-hour

loading and sales operations in all depots

and NNPC Mega Stations across the

country while marketers have been

instructed to do same.

To ensure effective products penetration

across the length and breadth of the

country, Dr. Baru explained that the

Corporation had activated the Fuel War

Room comprising of team members from

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the NNPC, the Department of Petroleum

Resources (DPR), Petroleum Products

Pricing Regulatory Agency (PPPRA), and

Petroleum Equalization Fund (PEF), with

support from the security agencies.

He said while the NNPC would naturally

focus on increasing the volume of

products on offer, the DPR, PEF and PPRA

have scaled-up monitoring activities to

ensure seamless loading and dispensing of

fuel nationwide and to specifically ensure

deliveries to designated stations and sales

at the approved retail price of N145/litre.

Dr. Baru emphasized that though the

official landing cost of petrol as at the

moment stood at N171.40k per litre, the

official government approved pump price

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of N145 per litre remains intact.

On the volume of products available for

supply, the NNPC GMD informed that 13

vessels laden with over 650 million litres

of products were currently discharging

their contents at the sea port while

additional vessels have being lined up to

berth early January 2018.

He said 814 million litres of petrol were

currently being injected into the system to

guarantee nationwide elimination of fuel

queues before the end of the year.

Representatives of DPR, PEF and PPPRA

at the conference registered their agencies’

resolve to work with the NNPC to restore

sanity in the supply and distribution of

petroleum products.

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