The Nigerian National Petroleum Corporation Limited (NNPCL) is set to release 1.9 billion litres of petrol to tackle the issues of fuel scarcity and price hikes hours after the Department of State Services (DSS) issued a 48-hour ultimatum to stakeholders in the oil and gas industry.
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Recall that the secret police had on Thursday threatened to launch a manhunt for all stakeholders in the oil sector if nothing is done about the long queues at filling stations in two days.
The warning was contained in a briefing by the secret service spokesperson, Dr Peter Afunanya, on Thursday.
On Friday morning, the NNPCL Group Chief Executive Officer, Malami Mele Kyari announced the plan by the company to release 1.9 billion litres of Petroleum Motor Spirit (PMS), better known as fuel.
Represented by the NNPC Chief Financial Officer, Umar Ajiya, Kyari assured Nigerians of the availability of petrol in the next few hours.
He said: “We have also directed the operation team to engage in 24-hour loading of PMS in the next couple of days and make sure some outlets operate 24 hours without compromising security in order to bring quick relief to the people.”
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Meanwhile, the Chief Executive of Nigerian Midstream and Downstream Petroleum Regulatory Authority, Engr. Farouk Ahmed had earlier pledged to collaborate with the NNPC and all stakeholders to ensure issues regarding the supply of petroleum products are well addressed and to ensure smooth access.
Major stakeholders in the sector, the Depots and Petroleum Products Marketers Association of Nigeria (DAPPMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN), Nigerian Association of Road Transport Owners (NARTO), Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) reiterated commitment to end the scarcity.
