NNPCL Explains Causes of Fuel Scarcity in Nigeria and Outlines Solutions

 

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.

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