The Petroleum Products Retail Outlets Owners Association of Nigeria says it does not have access to petroleum products.On April 25, the Nigerian National Petroleum Company Limited attributed the situation toSpeaking on Monday during Channels TV’sPETROAN president, said there is still a delay in supply to retail outlets.
“So, once the product is available in all the depots, and we are being issued our products, we will certainly complement NNPC’s efforts to make sure that all the stations are wet and we are doing that consistently. “Even in this season, at this time, NNPC in the last few weeks have squeezed in loading barges to encourage everyone including the NNPC stations and Petroan members and even IPMAN members and we are taking products bit by bit to our various stations.”He said NNPC is making frantic efforts to solve supply issues, adding that the association is also mounting pressure on the system to ensure that there are petroleum products.
Click on the link below to join TheCable Channel on WhatsApp for your Breaking News, Business Analysis, Politics, Fact Check, Sports and Entertainment News!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NNPC, FIRST E&P JV commences oil production, targets 20,000bpdNigerian National Petroleum Company Limited (NNPC Ltd) and FIRST Exploration and Petroleum Development Company Limited
Source: GuardianNigeria - 🏆 1. / 94 Read more »
NNPC, IPMAN cite logistic challenge as petrol queues persistPetrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Report: NNPC owes $3bn backlog on petrol payments to fuel tradersThe Nigerian National Petroleum Company (NNPC) Limited owes around $3 billion to fuel traders for imported petrol.
Source: thecableng - 🏆 2. / 80 Read more »
NNPC Owes $3 Billion to Fuel Traders Amid Petrol Subsidy RemovalThe Nigerian National Petroleum Company (NNPC) Limited is facing a debt of $3 billion to fuel traders for imported petrol. This debt comes at a time when the country has removed the subsidy on petrol, leading to a spike in prices and inflation. NNPC is struggling with payment due to currency depreciation and rising global fuel prices.
Source: thecableng - 🏆 2. / 80 Read more »
Petrol sells above N1000 per litre in Kano as motorists accuse NNPC outlet of segregation, hoardingMotorists are queuing up in large numbers at filling stations across Kano struggling to purchase petrol that is now selling at over N1,000 per litre.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Nigeria's Private Refineries Lack Secondary Processing Unit for Petrol ProductionNone of the private refineries in Nigeria, including Dangote Petroleum Refinery, can produce Premium Motor Spirit (PMS) petrol due to the absence of a reformer in their facilities. These refineries are only capable of primary refining, resulting in the production of Automotive Gas Oil (AGO), gas oil, nefta, and kerosene. The chairman of OPAC Refinery, Oyarekhua, highlighted the importance of a secondary processing unit, which includes a reformer and a cracker, for petrol production. The lack of this unit in domestic modular refineries is the main reason for their inability to sell petrol.
Source: TheNationNews - 🏆 6. / 69 Read more »