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FUEL SCARCITY: NNPC hits back at marketers, says they got ‘appreciable volume’

There’s still N26 subsidy per litre of fuel —NNPC

The Nigerian National Petroleum Corporation (NNPC) has hit back at the Depot and Petroleum Products Marketers Association (DAPPMA), saying its members got “appreciable volume” of petroleum products despite owing N26.7 billion, following its comments blaming the NNPC for being responsible for the fuel scarcity.

DAPPMA had denied being responsible for the scarcity, saying depots belonging to its members were empty, adding that there were always issues when the NNPC took on the role of “sole importer” as is presently obtainable.

But in a statement by Ndu Ughamadu, NNPC spokesman, the corporation said it supplied petrol to DAPPMA members to resolve the supply challenges.

“NNPC wishes to affirm that it has supplied appreciable volume to DAPPMA, Major Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) to rid the challenges currently being experienced in the supply and distribution of petroleum products in the country.

“NNPC regrets that DAPPMA which members had taken receipts of products from Petroleum Products Marketing Company (PPMC), a subsidiary of NNPC and owe the company to the tune of N26.7 billion as at December 21, 2017, has the audacity to indict NNPC unjustifiably.

Read also: Marketers reject blame for fuel scarcity, say NNPC fuel not in our depot

“The statement by DAPPMA that the current hiccups in the supply of products was due to the inability of the Direct Sale Direct Purchase (DSDP) partners of NNPC to deliver on their business obligations is unfounded and self-indicting as many of DAPPMA members patronize the same DSDP international counterparts as the corporation”, the statement read.

NNPC added that DAPPMA members were granted a concession by the federal government to obtain forex to import petroleum products, alleging that DAPPMA members could not do so, leaving NNPC as the major importer of petroleum products.

The corporation said it had planned the supply of 40 million litres of petrol in January 2018 despite the daily consumption of 27-30 million litres.

“Despite the current challenges, Nigerians are reassured that there is no plan to increase PMS pump price above N145/litre and that NNPC will continue to maintain ex–depot price of N133.28/litre which guarantees the pump price not exceeding the N145 per litre capped by the government”, the corporation said.

 

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com