NNPC begins loading into repositories to clear queues
He added that there was an availability of 1.7 billion liters of gasoline currently in storage.
NNPC Group Managing Director Malam Mele Kyari made the point to reporters in Abuja on Wednesday shortly after a meeting with the National Union of Petroleum and Natural Gas Workers (NUPENG) and Tanker Drivers (PTD).
Other participants in the meeting were the Depot and Petroleum Marketers Association of Nigeria (DAPMAN) and the Major Oil Marketers Association of Nigeria (MOMAN).
Kyari said the extra fuel would ease the situation given persistent queues that continued in the nation’s capital and other parts of the country with fewer stations dispensing the product.
“Currently, we have over 1.7 billion liters of PMS in our hands, both at sea and on land.
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“This means that we now have the ability to overload from all repositories. We have measures in place to ensure 24 hour charging at all depots.
“This will ensure that the scarcity created by panic buying will now be released so that normalcy returns to petrol stations.
“Usually in situations like this people go to gas stations and buy more than they need and that’s what the extra supply will solve. I am very sure that very soon we will see relief on this,” he said.
Kyari said neither the federal government nor the NNPC had any plan to raise the price of gasoline at the pump.
He urged traders to ensure they are selling gasoline at the government-approved price.
He noted that following the meeting, stakeholders had agreed that the NNPC should apply the necessary sanctions to any gasoline sales found above the approved price, including refusing to sell PMS to stations or to deposits.
He also noted that he would apply the necessary penalties permitted by law to any defaulting depot owner to ensure that Nigerians would continue to buy the product at the approved price.
He, however, apologized for the difficulties faced by Nigerians at gas stations and called on consumers to avoid panic buying and only buy the amount they needed at gas stations. (NOPE)