This is contained in a statement signed by Mr Garba Deen Muhammed ,
Group General Manager, Group Public Affairs Division, on Monday in
Abuja.
The Nigerian National Petroleum Corporation(NNPC) has reassured Nigerians of its commitment to end the persistent fuel scarcity in the country.
This is contained in a statement signed by Mr Garba Deen Muhammed , Group General Manager, Group Public Affairs Division, on Monday in Abuja.
"We
wish to re-assure Nigerians that we are on top of the petroleum
products supply and distribution situation and we remain committed to
eliminating this endemic issue once and for all within the next few
days.
"We genuinely empathize with the
attendant sufferings and wish to reassure that we are focused and
committed to bring an end to this situation within the next few days.
"We kindly call on all Nigerians to partner with us on this journey to allowing the whole process of change come into fruition," it said .
It
said the current administration inherited a huge catalog of issues and
problems in the downstream sector not limited to arrears of subsidy
payments to Oil Marketers.
Other issues, it said,
included corruption and inefficiencies in the supply and distribution
chain, incessant vandalism of pipelines and poor performance of
refineries, among others.
It noted that a combination of these issues resulted in most oil majors completely pulling out from the importation business .
This, it said, led to NNPC assuming a near 100 per cent importation obligation without the necessary logistics put in place.
It said the NNPC Management had initiated and made progress on various key solutions to providing a lasting end to these issues.
It
added that with the firm support of President Muhammadu Buhari and the
National Assembly, the debt burden had been reduced since Jan. 1.
"We have been able to eliminate subsidy payments by managing prices at current levels through price modulation."
This has resulted to savings of over N100 billion monthly for the nation.
"Nationwide Petroleum supply and distribution have been ramped up to all states to ensure product availability in the country," it said .
According
to the statement, the current supply to states is in excess of the
normal consumption especially in the five major consuming cities.
It
added that monitoring had been intensified to ensure full compliance
with approved prices adding that violations of approved prices and
hoarding of petroleum products attracted penalties.
The
penalties include giving out of petroleum products free to the public
and sealing off fuel stations found to be hoarding petroleum products
and payment of a fine.
Source:pulse.ng
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