NNPC Blames Lagos Road Projects For Fuel Scarcity, To Distribute 2 billion Litres

November 30, 2022
Election: Oil Marketers Reveal Fuel Movement Stopped Over Fear Of Crisis

The Nigerian National Petroleum Company (NNPC) said ongoing road projects in Lagos are behind scarcity of fuel in several areas within the state, as queues return to filling stations.

Prime Business Africa gathered that distribution of fuel has been crippled by the rehabilitation and construction of roads, preventing filling stations from loading their fuel tank or meeting demands from customers.uj

Join our WhatsApp Channel

READ ALSO: Petrol Scarcity: Marketers Urge NNPC To Revive Own Depots

Explaining the situation, NNPC’s executive Vice President, Downstream, Adeyemi Adetunju, told journalists on Tuesday that the road projects had caused gridlock around Apapa, location of Nigeria’s major port.

Also affected is the connecting roads of Lagos depots. This has created ripple effect across other states, as the fuel, after importation, can’t be transported out of Lagos port.

Adetunji said: “The recent queues in Lagos are largely due to ongoing road infrastructure projects around Apapa and access road challenges in some parts of Lagos depots.

“The gridlock is easing out and NNPC has programmed vessels and trucks to unconstrained depots and massive load outs from depots to various states are closely being monitored.

“Abuja is impacted by the challenges recorded in Lagos. NNPC retail and key marketers have intensified dedicated loading into Abuja to restore normalcy as souon as possible.”

Adetunji revealed NNPC has a national petrol stock of over 2 billion litres. This is equivalent to over 30 days of sufficiency.

Prime Business Africa learnt NNPC is working with the NMDPRA, MOMAN, DAPPMAN, IPMAN, NARTO, PTD, and other industry stakeholders to ensure normalcy is returned.

“We want to reassure all Nigerians that NNPC has sufficient products, and we significantly increased product loading, including 24-hour operations in selected depots and extended hours at strategic stations to ensure products sufficiency nationwide.”

Featured Stories

Latest from Business

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

Sell Off In Meyer, Champion Brew Reduce NGX Market Cap By N475bn

The market capitalisation of the Nigerian Exchange (NGX), also known as the stock market, decreased by N475.62 billion to N123.76 trillion on Friday, February 27. According to the NGX, the market capitalisation dropped from the N124.23 trillion recorded on Thursday, February 26.Join
FCCPC Clarifies One-Month Moratorium On Exploitative Pricing Amid Economic Challenges

FCCPC Flags Possible Airline Price-Fixing During 2025 Christmas Season

Nigeria’s consumer protection agency has uncovered evidence suggesting some domestic airlines may have engaged in price fixing during the 2025 Christmas travel rush. In an interim report released Thursday, the Federal Competition and Consumer Protection Commission (FCCPC) said ticket fares during December
CBN
Previous Story

Redesigned Naira: CBN Finally Addresses Controversial N5000 Notes

Next Story

Revenue assurance gives utilities fair footing for growth, just transition

Don't Miss

Subsidy Removal In Nigeria Aids Environment Action As Petrol Consumption Drops By 33% – Minister

Nigeria’s Minister of Environment, Kunle Salako, said petrol subsidy removal
Ex-Ekiti Governor, Fayemi, Debunks Defection Rumour

Fayemi Raises 46-member Committee For Oyebanji’s Inauguration

Ekiti State Governor, Dr Kayode Fayemi has set up a