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NNPC Dispels Fear Over Fuel Scarcity

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The Nigerian National Petroleum Corporation (NNPC) has allayed fears of any hitch in petroleum products supply following reports of resurgence of queues in some parts of the country.

Group Managing Director, NNPC, Malam Mele Kyari  gave the assurance while speaking at the Association of Energy Correspondents of Nigeria (NAEC) 2021 Strategic International Conference on Tuesday in Lagos.

The conference had as its theme: ‘Petroleum Industry Act: Energy Transition and the Future of Nigeria’s Oil and Gas.’

Kyari said NNPC’s objective was to provide energy security for Nigeria and ensure availability of petroleum products in the country.

He said: “As we speak now, there is speculation of fuel scarcity within the media but we have over 1.7 billion litres of Premium Motor Spirit in the country.

“We have another 2.3 billion litres coming in so there is no shortage in supply as being speculated.

“Of course there are issues about pricing at some depots but government has no plan to revise the pricing structure.”

Kyari said the ongoing United Nations Climate Change Conference (COP26) in Glasgow, Scotland, again highlighted the challenges faced by Nigeria and other African countries in the global energy transition.

He said President Muhammadu Buhari, in his speech before the world leaders, had demanded for energy justice for the continent and the need to exploit the available resources as a pathway to attain the net-zero carbon objective by 2050.

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