NNPC dispels fears over emergence of fuel queues

Source: pointblanknews.com

The Management of the Nigerian National Petroleum Corporation , NNPC, has urged consumers of petroleum products in Lagos, Abuja and other parts of the country not to engage in panic buying or hoarding of premium motor spirit (PMS) following the sudden emergence of fuel queues.

In a statement, the Group General Manager, Group Public Affairs Division of the Corporation , Dr. Levi Ajuonuma traced the sudden emergence of fuel queues in filling stations to the ongoing strike by the National Association of Road Transport Owners, NARTO, to press their demand for 12% freight margin in the PPPRA template.

The NNPC spokesman explained that the sudden queues are the result of the dispute between NARTO and PPPRA adding that it has nothing to do with the NNPC or its subsidiary, the PPMC.

“I wish to reassure consumers of petroleum products nationwide that the NNPC has well over 41 days sufficiency of all petroleum products and negotiations are already in advance stage with NARTO to restore normalcy,” Dr. Ajuonuma informed.

The NNPC spokesman noted that already the Petroleum Products Pricing Regulatory Agency, PPPRA which is saddled with the responsibility of moderating price volatility, and to regulate activities of operators i n the downstream sector has swung into action to resolve the imbroglio.

Dr. Ajuonuma appealed to consumers of petroleum products not to engage in panic buying and hoarding of the product, noting that all hands are on deck to resolve the NARTO strike action.