Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

NNPC breaks silence, explains reason for recent fuel scarcity in Lagos and other cities

Efforts are ongoing to ensure that normalcy returns as soon as possible

Chike OlisahbyChike Olisah
2 months ago
in Business News, Energy
NNPC breaks silence, explains reason for recent fuel scarcity in Lagos and other cities
Share on FacebookShare on TwitterShare on Linkedin

The Nigerian National Petroleum Company (NNPC) Limited has finally provided reason for the recent fuel scarcity being experienced in Lagos, Abuja, and some other major cities.

In what appears to be their first official reaction to the crisis in the downstream oil industry, the NNPC has blamed the fuel scarcity and long queues at the filling stations on some road projects going on in Lagos.

This was made known by NNPC’s executive vice president, downstream, Adeyemi Adetunju, while addressing a press conference on Tuesday, November 29, 2022, in Abuja.

Adetunju, however, noted that the gridlock is easing as the NNPC has programmed vessels and trucks to unconstrained depots, with massive load outs from depots to various states being closely monitored.

Access road challenges: Adetunju said,

  • ‘’The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in some parts of Lagos depots. The gridlock is easing out and NNPC has programmed vessels and trucks to unconstrained depots and massive load outs from depots to various states are closely being monitored.
  • “Abuja is impacted by the challenges recorded in Lagos. NNPC retail and key marketers have intensified dedicated loading into Abuja to restore normalcy as soon as possible.”

Normalcy soon: The NNPC top official assured Nigerians that efforts are ongoing to ensure that normalcy returns as soon as possible.

  • He said, “We want to reassure all Nigerians that NNPC has sufficient products, and we significantly increased product loading, including 24-hour operations in selected depots and extended hours at strategic stations to ensure products sufficiency nationwide.’’
  • “We are also working with the NMDPRA, MOMAN, DAPPMAN, IPMAN, NARTO, PTD, and other industry stakeholders to ensure normalcy is returned.”

Adetunju added that the NNPC has a “national petrol stock of over 2 billion litres. This is equivalent to over 30 days of sufficiency.

For the record: Fuel scarcity has become a reoccurring challenge in Nigeria, with the resultant long queues at filling stations in several parts of the country leaving many commuters and motorists stranded.

The Major Oil Marketers Association of Nigeria (MOMAN) had a few days ago, said they are working with the NNPC to improve the distribution of petrol across the country.

The MOMAN said members of the association would be working late and during the weekend to bridge product supply gaps and push out more products than they normally did.

Related

Tags: Fuel scarcityNigerian National Petroleum CompanyNNPC

Comments 6

  1. Benjamin says:
    December 1, 2022 at 5:31 am

    As of yesterday I.bought fuel at ogun state 250 per liter

    Reply
  2. Jay says:
    December 1, 2022 at 3:50 pm

    Lies! Which stupid ongoing road projects!!! Can’t the tablets move at night and deliver to their respective locations? Incompetent bunch of monkeys

    Reply
  3. Adebabe Seyon says:
    December 3, 2022 at 3:15 am

    In BADAGRY it is been sold for 300 per litres.

    Reply
  4. Samuel ugwumba says:
    December 3, 2022 at 5:28 am

    As far as I can remember bad roads has been a major issue in all facet of the Nigeria economy,yet other branches of the country economy are reaching the public despite the high cost of leaving,I think those handling the affairs in NNPC are not telling us the truth.

    Reply
  5. Jan Hazo says:
    December 3, 2022 at 7:10 am

    A very funny excuse for such a Failure. The Lagos Road projects weren’t like the Lokoja Floods! Someone somehow Failed the Nation and someone is blaming a known planned activity for that crass failure.

    Reply
  6. Gideon says:
    December 3, 2022 at 7:47 am

    Lagos is free at night, lies of the highest oder

    Reply

Leave a Reply Cancel reply

HFM
Mega Millions
Mega Millions
Patricia





NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • Tech Layoffs: Zoom to sack 1,300 employees as CEO takes massive pay cut
  • After ordering shutdown of filling stations, IPMAN’s Borno State chapter makes U-turn
  • If insecurity in the North is addressed, food prices will crash – Dr Biodun Akinkunmi

Follow us on social media:

Recent News

Tech layoffs: Zoom to sack 1,300 employees as CEO takes massive pay cut

Tech Layoffs: Zoom to sack 1,300 employees as CEO takes massive pay cut

February 8, 2023
After ordering a shutdown of filling stations, Borno state chapter of IPMAN makes U-turn

After ordering shutdown of filling stations, IPMAN’s Borno State chapter makes U-turn

February 8, 2023
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Lifestyle
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds

© 2023 Nairametrics