The Nigerian National Petroleum Company Limited, NNPCL, yesterday, adopted new measures aimed at guaranteeing adequate fuel supply across the country, by fixing N148 per litre as the price for lifting petrol at depots.
It also agreed to supply outstanding stock to independent oil marketers, to end product shortage.
This came as the independent marketers said they had been lifting the product from private depots at about N200 per litre, which made it impossible for them to meet the Department of State Services, DSS, 48-hour directive last week.
They said that the situation also led to their inability to sell petrol at the N170 per litre like their major marketers’ counterparts and NNPCL.
They said that the situation also led to their inability to sell petrol at the N170 per litre like their major marketers’ counterparts and NNPCL.
It was gathered yesterday, that a meeting was held between NNPCL, marketers and all the stakeholders, where the issues were resolved.
Operations Controller, Independent Petroleum Marketers Association of Nigeria, IPMAN, Mr. Mike Osatuyi, who confirmed the development, said: “Our members have now been allowed to lift petrol at N148 per litre, meaning that we can now reduce our pump prices. We are committed to working with other parties to tackle the shortage across the country as quickly as possible.”
Meanwhile, the House of Representatives, yesterday, called on NNPCL to end the lingering scarcity of petroleum products in the next week to ease the suffering of Nigerians.
The House also called on Nigerian Midstream Downstream Petroleum Regulatory Authority, NMDPRA, to seek the collaboration of the Nigerian Police Force and DSS to ensure that fuel was sold at the regulated price and in all retail outlets.
The resolutions followed a motion entitled: “Urgent Need for the Government to End the Current Fuel Scarcity,” moved by Saidu Abdullahi (Niger State) under matters of urgent public importance at plenary.
Presenting the motion, Abdullahi noted that in the last few months, Nigerians have been subjected to untold hardships caused by petrol scarcity, affecting economic activities and making the already trying times in the country more difficult.
