NNPC Attributes Fuel Queue To Panic Buying, Dismisses Fuel Price Hike

Esequiel Farfan
Diciembre 7, 2017

Petrol shortages have brought Nigeria to a standstill in the last few years through day-long queues for fuel, widespread power cuts at businesses that rely on petrol-driven generators to withstand frequent power outages and grounded planes.

Sahara Reporters went out on the streets to talk to people waiting on the queues, to hear what they have to say.

The Nigerian National Petroleum Corporation (NNPC), has attributed the long queue at various filling stations across the country to panic buying.

In Katsina, queues were observed in many filling stations in the metropolis yesterday morning but by late evening, the queues had disappeared.

He said more truckload of petroleum products have been directed to be dispatched to various parts of the country to cushion the effects of excessive demand caused by panic buying.

Okoronkwo said NNPC is not only a regulator, but also the sole importer of fuel in Nigeria, stressing that the agency can not lie about its operation.

He added: "If NNPC-owned deports are made to control the supply and distribution of fuel in the country, the issue of short-changing the marketers by giving the product to them, at a price that is not competitive, would not arise".

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Meanwhile, the Senate Committee on Petroleum Downstream has summoned Baru over increasing fuel queues surfacing in different parts of the country.

This, he said, is to avoid the situation where some unpatriotic persons would cause unnecessary hardships for Nigerians in the festive season.

He said members of the committee would be regrouped into sub-committees to make it possible for them to visit all the states.

"However, given the seriousness of the matter, we chose to invite the GMD to come and brief on the development and to enable Nigerians know the situation of things". We will not stop at that.

He disclosed that the seriousness of the situation informed the need to summon Maikanti himself.

"There is an Executive Director in charge of Downstream who oversees the downstream generally".

The IPMAN Chairman in the state, Alhaji Bashir Dan-Malam, gave the assurance in Kano on Tuesday and said the Managing Director of the Petroleum Products Marketing Company (PPMC), Alhaji Umar Ajiya, gave the directive to release the product.

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