The Nigerian National Petroleum Company Limited (NNPCL) has addressed the ongoing fuel scarcity affecting the Federal Capital Territory (FCT), Lagos, and other regions of Nigeria, attributing the issue to distribution challenges. The company has assured the public that it is working tirelessly to resolve these challenges and restore normal fuel supply across the country by midweek.
Distribution
Challenges Behind Fuel Scarcity
According
to a statement released on Sunday by NNPCL’s spokesperson, Olufemi Soneye, the
recent fuel scarcity is primarily due to difficulties in the distribution
network. The company, which is currently the sole importer of petrol in
Nigeria, acknowledged the severity of the situation and the impact it has had
on motorists and businesses across affected areas.
NNPCL's
Commitment to Resolving the Issue
In
response to the escalating crisis, NNPCL has intensified its efforts to address
the distribution bottlenecks. The company is working around the clock in collaboration
with key stakeholders in the oil and gas sector to ensure that normal fuel
distribution is restored as soon as possible. NNPCL urged the public to avoid
panic buying, reassuring them that the situation is being closely monitored and
managed to prevent further disruptions.
Official
Statement and Urgent Appeal
“The
NNPC Ltd regrets the tightness in fuel supply witnessed in some parts of Lagos
and the FCT, which is a result of distribution challenges,” the company stated.
“We are working round the clock with relevant stakeholders to restore
normalcy.”
Regulatory
Oversight Amid Scarcity
As
the fuel scarcity worsens, the Nigerian Midstream and Downstream Petroleum
Regulatory Authority (NMDPRA) has issued warnings to filling stations against
engaging in illegal practices, such as hoarding or inflating prices. The
regulatory body emphasized that it is monitoring the situation closely and will
take necessary action against any station found violating regulations.
Broader
Implications and Public Response
The
recent scarcity has caused widespread concern, leading to long queues at
filling stations and disrupting daily activities in the affected regions. The
situation has also sparked fears of a potential hike in fuel prices, further
straining the wallets of Nigerians already grappling with economic challenges.
However,
NNPCL’s commitment to resolving the distribution issues offers some hope. The
company’s efforts to collaborate with stakeholders, including marketers,
transporters, and regulatory authorities, aim to ensure a quick and effective
resolution to the problem.
For continuous updates on the fuel scarcity situation and other critical developments in Nigeria's energy sector, stay connected with Naija NewsHawk, where we bring you timely and accurate news coverage.
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