Nigeria
Fuel Scarcity to Be Resolved by May 1- NNPCL
The Nigerian National Petroleum Company, NNPC Ltd, has provided reassurance to the citizens of Nigeria that the ongoing fuel scarcity and long queues will be completely resolved by Wednesday, May 1st.
The Chief Communications Officer of NNPCL, Olufemi Soneye, made this announcement to the press in Lagos on Tuesday.
Soneye mentioned that the company currently has an excess of 1.5 billion liters of fuel in stock, which is sufficient to last for a minimum of 30 days.
He explained that a recent three-day distribution disruption due to logistical challenges had been successfully addressed.
Despite the resolution of the logistical issues, Soneye acknowledged that it usually takes double the time to recover from such disruptions and return to normal operations.
He also highlighted that some individuals were exploiting the situation to make undue profits, although product scarcity had been relatively low recently.
Soneye assured that the long queues would be cleared out by the end of the day or by the following day.
Additionally, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, expressed confidence that the queues in Lagos and Ogun would diminish this week based on the information provided by NNPCL.
Fashola did mention that the queues in Abuja might persist a bit longer due to the distance from Lagos and potential delays in the supply chain.
He explained that the movement of ships from the mother vessel to the daughter vessel before reaching the depot tanks could cause delays, but he anticipated more products being available for lifting by marketers by Tuesday or Wednesday.
