Petroleum marketers in Nigeria are urging the Nigerian National Petroleum Company Limited (NNPCL) to promptly release their outstanding supplies of Premium Motor Spirit (PMS), commonly known as petrol, valued at N30.96 trillion.
This demand comes as the NNPCL relinquishes its monopoly on petrol importation. Speaking at a press conference held at the Independent Petroleum Marketers Association of Nigeria (IPMAN) Secretariat in Suleja/Abuja, the marketers applauded the federal government for putting an end to the subsidy regime. However, they emphasized that the industry would not achieve stability unless the NNPCL settles the outstanding product tickets.
During a recent caucus meeting attended by members of the association, including depot chairmen from Suleja/Abuja, Gusau, Minna, Kaduna, and other locations, concerns were raised about the prolonged delay in the release of products by the NNPCL.
Alhaji Yahaya Ahman Alhassan, Chairman of the Suleja/Abuja Secretariat of IPMAN, expressed disappointment over the NNPCL’s failure to dispense the fuel despite receiving payment from their members six to seven months ago for the product tickets used to import the fuel into the country. He further emphasized the importance of retaining the bridging scheme to ensure the stable distribution of petroleum products across the country, reaching every nook and cranny.
The demand for the release of the outstanding fuel supplies highlights the urgency felt by petroleum marketers in Nigeria to receive the products they have paid for.
As the NNPCL transitions away from its importation monopoly, it becomes crucial for the company to address these concerns and fulfill its obligations to the marketers. Resolving this issue promptly will contribute to the stability of the industry and the continued availability of fuel to meet the needs of the Nigerian population.
