Fuel Crisis To End Next Week, NNPC Tells NEC

The Nigerian National Petroleum Company (NNPC) has assured that the scarcity of the Premium Motor Spirit (PMS) popularly known as petrol across the country will disappear next week

It explained that it has set out measures to mitigate the crisis, even as it said 30 vessels will supply additional 2.3 billion litres of the product until the end of February.

This was part of the updates availed the National Economic Council (NEC) presided over by Vice President Yemi Osinbajo with Governors, Ministers and other top government officials in attendance.

NEC is composed of all 36 Governors; the Governor of the Central Bank of Nigeria (CBN), the Minister of the Federal Capital Territory (FCT) and some other members of the Federal Executive Council.

According to a statement by Senior Special Assistant to the President on Media and Publicity Office of the Vice President, Mr Laolu Akande, the NNPC said as the supplier of last resort, it has continued to sustain adequate petroleum products supply and distribution to the nation, despite challenges associated with the unending waves of pipeline vandalism, product theft and cross-border smuggling of PMS.

Source: The Nation