The agency claimed that there is petrol sufficiency of over 1.6 billion litres as of 26 January
The Nigerian Midstream and Downstream Petroleum Regulatory Authority on Friday attributed the lingering fuel scarcity in the country to a disruption in the product distribution chain caused by activities of cross-border smugglers.
It explained that the Nigerian National Petroleum Company Limited has additionally made a firm commitment to supply more volume of PMS for the months ahead to guarantee national energy security and nationwide availability at the government-regulated price. “We wish to bring to the public knowledge that the ongoing government effort to rehabilitate strategic Nigerian roads ahead of the rainy season has necessitated the rerouting of tanker trucks conveying petroleum products to alternative roads, therefore increasing transit time and associated cost of product transportation.”
It also agreed on “extended operating hours both at the loading depots and some selected filling stations” as well as “rehabilitation of critical fuel distribution road network through the federal government’s tax credit scheme by the NNPC.” “NMDPRA appreciates the collaborative efforts of some patriotic oil marketing companies who, despite the glaring incentives to engage in illegal price arbitrage, have stood steadfast and operated responsibly within the approved pricing limits.
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