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Nigeria is facing its third major fuel scarcity episode of 2024, as the Nigerian National Petroleum Company Limited (NNPCL) has once again pointed to “distribution challenges” as the root cause of the crisis.
The scarcity, which began in early July, has left motorists and businesses grappling with long queues and inflated prices at filling stations across the country.
The company’s Chief Corporate Communications Officer, Olufemi Soneye, stated on Sunday that disruptions in berthing at jetties, truck load-outs, and petrol transportation to filling stations have impacted the supply chain.
Earlier, the NNPCL cited the flammability of petroleum products and adherence to Nigerian Meteorological Agency (NIMET) regulations, which prevent loading during rainstorms and lightning, as factors affecting operations.
Despite these challenges, the fuel scarcity persists with no immediate resolution in sight. In a statement on Sunday, the NNPCL expressed regret over the ongoing crisis.
Soneye attributed the “tightness in fuel supply” in parts of Lagos and the Federal Capital Territory (FCT) to distribution challenges.
He urged motorists to avoid panic buying, assuring that the company is working diligently with relevant stakeholders to restore normalcy.
“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,” Soneye said.
“The company further urges motorists to shun panic buying as it is working round the clock with relevant stakeholders to restore normalcy.”
Reports indicate that independent marketers have raised pump prices to ₦950 per litre, up from ₦720 per litre before the shortage began.
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