The Nigerian National Petroleum Corporation has said that Nigeria will not encounter a scarcity of Premium Motor Spirit, popularly known as petrol, this season regardless of the recent threat and ultimatum by oil marketers.
The corporation said it was engaging the marketers and other agencies of government to address the demands of the oil dealers but declared that there was no need to panic as it had sufficient stock of petrol for the entire country.
Oil marketers had on Sunday issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts including foreign exchange differentials and interest rate component owed to them.
The marketers, under the aegis of Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association of Nigeria and the Independent Petroleum Products Importers, had threatened that failure to meet the deadline would force its members to disengage
their workers.
When contacted on the matter, the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu, told reporters that there was no need to panic despite the oil marketers’ ultimatum.
Asked whether the corporation had reached out to the marketers to address their concerns, the NNPC senior official stated that the oil firm was not only engaging the oil dealers, but was also meeting with the Federal Ministry of Finance and the Debt Management Office to resolve the matter.
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