Nigeria’s National Oil Company (NNPC) Limited has assured Nigerians that the ongoing fuel shortages that have resulted in long queues in the West African nation will begin to disappear from today, Wednesday, May 1, 2024.
Olufemi Soneye, Chief Communications Officer, NNPCL, told the News Agency of Nigeria on Tuesday in Lagos.
According to NNPC Limited, they currently have products exceeding 1.5 billion liters, which can last for, at least, 30 days.
Chief Communications Officer of NNPC Limited, Mr Olufemi Soneye, revealed this as reported by News Agency of Nigeria.
“Unfortunately, we experienced a three-day disruption in distribution due to logistical issues, which has since been resolved.
“However, as you know, overcoming such disruptions typically requires double the amount of time to return to normal operations,” he said.
He said: “Some folks are taking advantage of this situation to maximize profits.
“Thankfully, product scarcity has been minimal lately, but these folks might be exploiting the situation for unwarranted gain.
“The lines will be cleared out between today and tomorrow,” Mr. Soneye assured.
Similarly, Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria, IPMAN, expressed hope that the queues in Lagos and Ogun would ease off this week, relying on the words of the NNPCL.
Mr Fashola, however, stated that the queues in Abuja might tarry a bit due to the distance to Lagos.
“The information available to us from the NNPCL was that there was a logistics problem, and when that happens, it will disrupt the supply chain.
“That might be a delay in the movement of ships from the mother vessel to the daughter vessel before it gets to the depot tanks.
“Before we can correct that, surely it will take some days. I think by Tuesday or Wednesday, there will be more products available for lifti¹ng by marketers.
“It might take time before it can ease off in Abuja, considering the distance to Lagos and the bad roads; Lagos might be calm this new week,” Mr Fashola assured.
Source: https://energynewsafrica.com