The Nigerian National Petroleum Company Limited (NNPCL) has explained that the current fuel scarcity is due to a hitch in the discharge operations of a couple of vessels….Click Here To Continue Reading>>

Olufemi Soneye, the chief corporate communications officer, of NNPC Ltd, gave the explanation in a statement shared on X.

According to him, the disruption has caused a tightness in fuel supply and distribution.

The statement reads:

“The NNPC Ltd. wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels.

The Company further states that it is working round the clock with all stakeholders to resolve the situation and restore normalcy in the operations.”

Meanwhile, filling stations have increased fuel prices amid heavy traffic queues in Lagos.

Vanguard reports that, besides the Nigerian National Petroleum Corporation (NNPC), fuel stations sell at N650 per litre, while other independent marketers sell between N850 and N950 per litre.

As a result, black marketers have taken advantage of the situation, selling the product to desperate motorists at exorbitant rates of up to N1000 to N1400 per litre.

Black market dealers were seen hawking the product at Egbeda, Ikotun, LASU-Iba Road, Ikeja, and Agege, among other locations.

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