The Nigerian National Petroleum Company (NNPC) Limited has admitted to owing suppliers of premium motor spirit (PMS), also known as petrol.
The Nigerian National Petroleum Company Limited has admitted to owing suppliers of premium motor spirit , also known as petrol.
Earlier today, some Nigerian newspapers reported that the lingering petrol scarcity in many parts of the country has been worsened by While admitting to the debt, NNPC said it is facing financial strain due to the petrol supply costs, and this is affecting the company’s ability to sustain PMS supply. “In line with the Petroleum Industry Act , NNPC Ltd. remains dedicated to its role as the supplier of last resort, ensuring national energy security.
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