Business
FG increases fuel supply to avert price hike, end scarcity
The Federal Government, through the Nigerian National Petroleum Company Limited, NNPCL has increased Premium Motor Spirit, popularly known as fuel, supply to the Independent Petroleum Marketers to avert nationwide scarcity and price hike.
The National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, disclosed this on Friday.
He said that unlike in the past, NNPLC, the sole importer of fuel in Nigeria, now supplies the product directly to IPMAN members.
Chinedu added that the action by NNPCL would make its members sell fuel almost at government-regulated prices.
Fuel availability has been epileptic in Abuja, Lagos and other cities for Months.
He said, “The NNPCL supplied 13 million litres and informed us about it. It cushions the effect of the poor supply in the affected areas. They also promised that they would ensure that marketers are given products regularly.
“That is the situation of things now. The recent PMS supply has helped make the product available in many retail outlets across the country. So, with enough supply, the issue of extreme price disparities would be addressed.”
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