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NNPC, oil marketers dig battle trenches over fuel import



NNPC, oil marketers dig battle trenches over fuel import

What looks like a serious row is brewing in the downstream oil sector with major oil marketers threatening total withdrawal of supply unless the Nigerian National Petroleum Corporation (NNPC) reverses its current policy on fuel importation.

They allege that the 2016 policy, has seen opeartors losing more than 70 per cent of petroleum products that they imported in the country in 2016.

With the removal of subsidy in 2016, NNPC promised to increase its stock, especially during the various religious festivals to avert scarcity and is yet to restore the importation quota for the importers.

But a coalition of the oil marketers said the corporation had schemed them out of business through the method.

A spokesman of the group and a director with MRS Oil, Bernard Ujoyibo, alleged that there had been a deliberate move by the authorities to scheme out the operators on the excuse that restoring full importation status to the marketers would bring back long queues to filling stations.

“Before September 2016, the marketers used to have 80 per cent of the products, as at October 2016, we had only 20 per cent import, which had further come down to between 15 and 10 per cent, depending on the product.”

He said this is despite assurance to NNPC and its subsidiaries that the dealers were capable of meeting Nigeria’s consumption of petroleum products, with government support to source dollar.

Read also: Outrage trails NNPC award of 1.3mbd oil bloc deals to Tinubu, Dantata, others

The marketers said,”If this anti investment policy is not reversed, there will be a total withdrawal of our services any time we can no longer bear the losses being suffered.”

In its reaction the Depot and Petroleum Products Marketers’ Association (DAPPMA) said its members would support the marketers in protecting business interests of investors in the sector.

But an aide to to the NNPC Group Managing Director, Maikanti Baru, denied any deliberate policy to deny marketers their business rights, adding that the measures put in place by the corporation were temporary, and subject to be reviewed as soon as possible.



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  1. seyi jelili

    January 8, 2017 at 1:55 pm

    I don’t see the different between removal of oil subsidy and its non-removal.
    It would have been better they don’t remove the subsidy because all the money they claim to have saved from the subsidy removal is no where to be found.

    • Joy Madu

      January 8, 2017 at 2:00 pm

      That is the change we voted for. So no need to complain

  2. chichi emerue

    January 8, 2017 at 2:19 pm

    My own is that they must not dare to increase fuel pump price again if they do not want real war.


      January 8, 2017 at 2:28 pm

      That can’t be avoided. Soon or soonest, oil price will be inflated again. Especially as these militancy are not helping matters.

  3. yanju omotodun

    January 8, 2017 at 2:33 pm

    It is high time President Buhari found a lasting solution to the irregularities in the oil sector. First, let him attends to the demand of the Niger Delta militants so they can stop vandalising oil pipes at least with that, our refineries can get back to work so as to produce our oil locally by ourselves instead of spending more money on importation.

    • Johnson Amadi

      January 8, 2017 at 6:24 pm

      Buhari is confused, we don’t have to keep expecting this man to do anything to solve this issue.

  4. Animashaun Ayodeji

    January 8, 2017 at 6:13 pm

    Nigeria has turned to a country that’s importing oil when we have more than enough oils to tap in Nigeria. Shame on Buhari’s administration.

    • Roland Uchendu Pele

      January 8, 2017 at 7:50 pm

      Shame on all of us. It isn’t Buhari’s fault at all. The nation is failed in all aspects.

  5. Margret Dickson

    January 8, 2017 at 6:16 pm

    The pains caused by this administration will never be forgotten. It will always be remembered and we shall tell our grand children what Buhari did to Nigeria when be became a democratic president.

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