Skip to main content

Petrol marketers to NNPC: Fed Govt owing us N800b

Marketers yesterday rejected the blame  for the biting petrol shortage.

The Nigerian National Petroleum Corporation (NNPC) claimed that despite getting forex at N305, marketers failed to import products. Besides they get products despite  owing the Petroleum Products Marketing Company (PPMC) almost N27 billion.

But the Depot and Petroleum Products Marketers Association (DAPPMA) accused the NNPC of being the debtor.

In a statement by its Executive Secretary Olufemi Adewole, DAPPMA said: “We again reject any attempt to blame marketers for the shortfall in supply as it is not our making since NNPC has been the sole importer since October 2017.
“Marketers have continued to sacrifice to keep the country wet with fuel despite over N600billion debt owed our members and over N800billion owed marketers as a whole by the Federal Government.“

The association however assured Nigerians that no matter NNPC’s stance, it would take all steps to cooperate with it and its subsidiary PPMC to eliminate the fuel queues nationwide within the next few days.

The statement said the NNPC did not transact business with DAPPMA members on credit , adding that the association is not aware of the indebtedness of any of its members to the corporation.

“It is an indisputable fact that the DAPPMA members have paid for petrol supply (with bank funds) for over one month the value of which is in excess of N90billion, PPMC, NNPC had cargo to allocate to them. As such, how can we be held responsible for hoarding?”

The Senate yesterday summoned Minister of State for Petroleum Dr. Ibe Kachikwu, NNPC Group Managing Director Dr. Maikanti Baru and other stakeholders over the persistent fuel scarcity.

They are to appear before the Senate Committee on Petroleum Resources (Downstream) on January 4, 2018 for a “crucial meeting” with the committee to explain the reasons for the scarcity and discuss the way forward.

A statement by the office of the Senate President said Dr. Bukola Saraki, directed the committee on Petroleum Resources (Downstream) to cut short its recess and immediately convene a meeting with industry stakeholders.

The statement quoted the chairman of the Senate Committee on Petroleum Resources (Downstream), Senator Kabiru Marafa, as saying that proceedings at the meeting would be transmitted live by the Nigerian Television Authority (NTA).

The Senate, which is on Christmas and New Year break, is billed to resume Committee work for budget defence on January 9, and commence plenary on January 16.

However, the Department of Petroleum Resources (DPR) assured Nigerians that the lingering scarcity would come to an end in the next few days.

DPR Director Mordecai Ladan , gave the assurance after a visit to some private depots in Lagos.

Ladan said: “Petroleum products are coming in gradually; in most of the depots visited, some are being discharged, while there is assurance that some will come in again within 48 hours.

“I think with all we have seen now in the depots visited, petrol should be available in all filling stations across the country in few days time.

“The scarcity of petrol will soon ease out in days to come.”

Ladan urged the depots to focus on the independent marketers’ filling stations, saying that they were most affected by scarcity of petrol.

He said most of the independent marketers who have filling stations in major locations had not received supply for weeks.

The News Agency of Nigeria (NAN) reports that the DPR inspection team visited Folawiyo Energy Ltd., and NIPCO Tank Farm in Apapa.

At NIPCO, a vessel was discharging over 23 million litres of petrol as at the time DPR team reached the tank farm.

Mr Taofeek Lawal, the Head, Corporate Communications of NIPCO, said that about 300 petroleum tankers were waiting to load the product.

Lawal said that with 23 million litres of petrol, the company would load over 600 tankers in two days.

He said that NNPC had assured the company that another vessel carrying the product would arrive on Saturday.

Lawal assured the DPR team that the company would work tirelessly to ensure that scarcity of petrol was ease out in few days.

At Folawiyo Energy Ltd., Mr Dipo Makanjuola said that the depot had about six million litres of petrol and had been operating 24 hours to ensure that Nigerians get the product.

Makanjuola said that the product belonged to the NNPC and they were loading according to its directive.

The last time we received the product from NNPC was on Dec.23 and that is what we are loading; we hope to get another supply by Saturday.”




















Source:TheNation

Comments

Popular posts from this blog

Vulvar Care Tips

Vulva Care Maintaining a healthy vulva and vagina will help prevent infections and discomfort. Unusual changes in vaginal discharge is a sign that there might be an issue. Why is vulvar and vagina care important? Many women experience uncomfortable, vaginal infections (vaginitis) at one time or another. The area around the entrance to the vagina (vulva) can also become irritated. Steps can be taken to relieve and prevent vulvar discomfort and vaginal infections. Not all vaginal infections are alike and home treatments can worsen some types. If you have any concerns about your vulvar or vaginal health, or notice unusual changes in vaginal discharge, contact your healthcare provider if the problem persists. What is the vulva? The vulva is the area of female sex organs that lies outside of the vagina. These organs include folds of sensitive tissue called the labia (labia means "lips"). The labia has two parts. The outermost folds are called the labia majora. A secon...

Chechnya leader makes Mo Salah honorary citizen

Chechnya leader Ramzan Kadyrov has made Egypt’s talismanic striker Mohamed Salah an honorary citizen of the southern Russian region at a farewell banquet held for the eliminated World Cup side. Rights groups and Western governments allege that authorities in Chechnya repress their political opponents, discriminate against women and persecute sexual minorities, all allegations that Chechnya’s leaders deny. Chechnya has been hosting the Egyptian team’s World Cup training camp and Kremlin-backed Kadyrov has seized on opportunities to appear alongside Salah. Sarah’s goalscoring exploits for Liverpool and Egypt have made him an international superstar. “Mohamed Salah is an honorary citizen of the Chechen Republic. “Yes, that’s right! Tonight I signed a decree conferring this high award on the great footballer and member of the Egypt and Liverpool teams,” Kadyrov wrote on Telegram. Salah was presented with a badge and a copy of the decree at the dinner, Kadyrov said. The Egy...

Oil prices rise amidst uncertainty over Libyan crude exports

Oil prices rose, Tuesday on uncertainty over Libyan oil exports, although plans by producer cartel OPEC to raise output loom. Brent sweet crude futures, the international benchmark for oil prices, were at 74.95 dollars per barrel at 01.04 GMT, up 22 cents, or 0.3 per cent from their last close. The United States West Texas Intermediate (WTI) crude futures were at 68.33 dollars a barrel, up 25 cents, or 0.4 per cent. Traders said prices were mostly driven higher by uncertainty around oil exports by Libya, a member of the Organisation of the Petroleum Exporting Countries (OPEC). Eastern Libyan commander, Khalifa Haftar’s forces have handed control of oil ports to a separate National Oil Corporation (NOC) based in the East of the country. The official state-owned oil company based in the capital Tripoli, also called NOC, will not be allowed to handle that oil anymore, he said. In comments later confirmed to the media, Ahmed Mismari, spokesman of Haftar’s Libya National Army...