Fuel Crisis: NNPC Insists Oil Marketers Should Be Blamed

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SAN FRANCISCO, December 27, (THEWILL) – The blame game over the crippling fuel situation has continued as the Nigerian National Petroleum Corporation (NNPC) accused the Depot and Petroleum Products Marketers Association (DAPPMA) of indicting it unjustifiably.

THEWILL recalls that the Depot and Petroleum Products Marketers Association (DAPPMA) had blamed the NNPC for the shortage, saying depots belonging to its members were empty adding that there would always issues when the NNPC takes on the role of sole importer of petroleum products as it currently does.

Reacting to the statement, the NNPC, in a statement by Ndu Ughamadu, its Spokesman, said it supplied petrol to DAPPMA members to resolve the supply challenges describing DAPPMA’s statement as unfortunate.

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“The 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,” the statement read.

“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 N26.7billion as at December 21, 2017, has the audacity to indict NNPC unjustifiably.

“The statement by DAPPMA that the problem 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 patronise DSDP international counterparts as the corporation.

“Despite the concession by the government giving access to DAPPMA to obtain FOREX at an official rate of N305 per dollar for PMS import, their members have not been able to do so, leaving NNPC as the sole supplier of PMS to the Nigerian market.

“The NNPC assures the public that despite the increase it effected in the supply of PMS in the December 2017, it has nonetheless, programmed to supply 1.2billion litres of the white products in January 2018, translating to about 40million litres of PMS supply per day. Ordinarily, Nigeria consumes about 700 trucks (about 27million – 30million) litres per day.

“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.

“All stakeholders are implored to support the efforts of government to bring a speedy end to the current fuel distribution challenges being experienced in parts of the country as this is not the time to play the blame game.”

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