NNPC tower
Nigerians could face more days of fuel scarcity due to the inability of the Nigerian National Petroleum Corporation (NNPC) to supply products to private depots.
Many depot owners who spoke with The Guardian yesterday complained they were not getting allocations from the NNPC, making it difficult for them to release products to retail stations.
The owners, who used to import 65 per cent of products before the NNPC assumed the role of sole importer, said they would only bring in supplies if the Federal Government resumed the payment of subsidy.
The Depot and Petroleum Products Marketers Association (DAPMA) members noted that the landing cost of Premium Motor Spirit (PMS) in Nigeria, based on the current exchange rate of N306, is about N170 per litre, stressing they must resort to subsidy, a policy already jettisoned by the Federal Government.
The Group General Manager, Group Public Affairs Division of NNPC, Ndu Ughamadu, however, insisted the corporation has imported more than enough products to meet national demand.
Fuel crisis may linger as NNPC shuns private depots
