The Nigerian National Petroleum Corporation said Thursday that it would meet the June 13 deadline earlier set to end fuel queues across the country.
Nigeria has been thrown into a long stretch of fuel scarcity since February 2015 beginning industrial action by NUPENG and PENGASSN to press for the payment of outstanding subsidy to major marketers as the administration of former Goodluck Jonathan was winding down.
The Group Managing Director of NNPC, Dr Joseph Dawha, told journalists during inspection of some of its stations in Abuja that there is a stock level of 1.1 billion litres representing 27 days sufficiency, saying there should be no cause for alarm.
He however blamed much of the problem on the treasonable activities of pipeline vandals, urging the stakeholders to join forces with corporation to rid the nation of oil pipeline vandals.
According to Dawha, 85 trucks of petrol have been brought in daily to the nation’s capital city in the past five days to address the crisis and promised to deliver more.
The Independent Petroleum Marketers Association of Nigeria (IPMAN) had accused the NNPC of being responsible for the lingering fuel situation, especially as it concerns the inflated prices and artificial fuel scarcity but six days ago, the Ministry of Petroleum Resource8 and oil marketers resolved to work together in order to ensure improved supply to retail outlets nationwide.
Many Nigerians expect a reduction of queues and most importantly a reduction of prices to the recommended N87 per litre.
Nigeria is a one of the leading oil exporting countries but lack of refining capacity has resulted in occasional scarcity.
