Fuel Supply: NNPC Takes Delivery Of Four Cargoes | Independent Newspapers Limited
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Fuel Supply: NNPC Takes Delivery Of Four Cargoes

Posted: Feb 29, 2016 at 12:13 pm   /   by   /   comments (0)

Cautions Depot Owners Not To Sell Above Ex-Depot Price

Oladunjoye Phillip


In the wake of fuel scarcity that has resurfaced in Lagos and environ over the weekend, the Nigerian National Petroleum Corporation (NNPC) has assured of sufficient supply of premium motor spirit (petrol).

The corporation said it has taken delivery of four more cargoes of the product over the weekend to keep the country wet.

It stated that the deliveries, which amount to about 180 million litres, is part of a new arrangement by the corporation to have a cargo of PMS delivered daily as from March.

The corporation, which made the announcement in a statement made available to journalists, stated that the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has warned depot owners against selling petrol above the approved ex-depot price of N77 per litre.

The warning, the statement added, comes against the background of repeated complaints by marketers of sharp practices at the depots.

The statement quotes the minister as warning that depot owners found to be involved in selling products above the approved ex-depot prices would be severely sanctioned.

Independent learnt that it had been very difficult for motorists to get petrol at filling stations over the weekend. Independent investigation revealed that some petroleum attendants were collecting various forms of kick-back from motorists before they could dispense fuel into their vehicles.

On Sunday, some filling stations have begun to sell the product at N100 per litre claiming that they could not get the product to buy at the depots.