We are Doing Our Best to End Fuel Crisis – NNPC

The Nigerian National Petroleum Corporation (NNPC) has said it is committed to putting an end to the present fuel crisis in the county
The NNPC Group General Manager, Public Affairs, Garba Deen Muhammed, in a signed statement on Monday, in Abuja, said the corporation was doing its best to end the scarcity.
According to him, “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,” the statement 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 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, “We encourage everyone to shun panic buying and undue return trips as this attitude emboldens marketers to hoard products.
“Supply constraints due to foreign exchange challenges are being resolved through collaboration with the Central Bank of Nigeria on innovative ways of closing the gaps in accessing foreign exchange,” it said.

Author: News Editor

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