NNPC sets date to end petrol scarcity, eyes new pump prices at filling stations

Chief Corporate Communications Officer of NNPC, Olufemi Soneye

The Nigerian National Petroleum Company Limited (NNPCL) has assured to end the current scarcity of petrol by Wednesday, August 21, 2024.

The Chief Corporate Communications Officer of NNPC, Olufemi Soneye, explained that the scarcity of the product is because of supply disruption, not the availability of the product.

In a statement, he said: “The NNPC Ltd regrets the tightness in fuel supply witnessed in some parts of Lagos and the FCT, which is as a result of distribution challenges.

“The Company further urges motorists to shun panic buying as it is working round the clock with relevant stakeholders to restore normalcy”.

Soneye promises that the scarcity will be cleared up as there are products available.

He said: “The scarcity is due to an evacuation challenge out of Apapa (ports in Lagos) from the vessel.

“But we are working on it. It should be resolved. I’m very sure that fuel scarcity will be cleared out by Wednesday.”

Fuel prices at filling station

Amid ongoing scarcity, filling stations in Abuja, Lagos, and other states have adjusted their petrol pump prices.

Motorists are now purchasing fuel at some stations for between N750 and N900 per litre, depending on the location.

John Ekeh, a motorist in Ikotun, reported that he paid N820 per litre.

Report has it that fuel prices at filling stations in the satellite towns of the FCT are selling at N1,000 per litre.

While fuel is sold at N900-N950 in Calabar, Cross River state, motorists in Kano said they bought the petrol for N950 per litre.

When this is resolved, NNPC believes prices will return to normal from N750 to N1,000 per litre.