Tuesday 7 February 2012

NNPC has enough fuel to last 33 days – Presidency


The uncertainties surrounding the fuel subsidy regime could be blamed for the incessant return of queue to the filling station across the country, it was learnt, yesterday.
A few of the major and independent marketers are sceptical about refund from the government and want to extract some kind of  assurance from the government on how the difference would be resolved before going ahead to import the product.
But the Federal Government has assured that the issue would be resolved.
Government has also come out to douse the fears of imminent fuel scarcity in the country, saying the Nigerian National Petroleum Corporation, NNPC, has enough petroleum products to last the country for at least 33 days in case of any emergency.
A senior officer in the Presidency who spoke on the issue said contrary to reports, the country was not short of petroleum products.
The officer who preferred not to be mentioned said it was untrue that the major and independent marketers had suspended fuel importation over the subsidy probe.
The source, however, confirmed that there were minor issues that needed to be resolved and that was not to say that marketers were not importing fuels.
The source further added that “the issues raised by the marketers over subsidy payment are being addressed by the Federal Government.
Source

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