NIGERIAN National Petroleum
Corporation, NNPC, on Thursday
in Abuja urged motorists not to
engage in panic buying of any
petroleum products.
A statement by the NNPC
spokesman, Ndu Ughamadu,
assured motorists that the
corporation had a robust stock of
According to the statement, the
PMS stock was sufficient to serve
the nation for more than 30 days.
”This plea comes on the heels
of queues noticeable in some fuel
stations, especially in Abuja.
”Motorists are advised to report
any marketer selling above N145
per litre of petrol or hoarding the
products to the Department of
Petroleum Resources, DPR, which
is statutorily empowered to deal
with such issues.
“DPR has offices located in
all parts of the country and law
enforcement agencies would
mete out appropriate sanctions
to operators of fuel stations who
engage in hoarding or sell products
above the recommended band,”
Mr. Ughamadu said.
In another statement, Mr. Ughamadu said the corporation’s
Group Managing Director,
Maikanti Baru, had directed
that repair works be carried out
immediately on the Escarvos to
Lagos Pipeline (ELP).
The pipeline, ruptured by an
explosion today, Jan. 11, along
Egbokodo-Omadino, in Warri
South Local Government Area of
Delta State.
“Dr Baru further directed that
gas supply from other sources
like Oben, Oredo, Sapele, Ughelli
and Utorogu be stepped up to
augment any shortfalls as repair
works have commenced on the
“The Escravos pipeline supplies
gas to power plants, in addition
to feeding the West Africa Gas
Pipeline System.
“It should be recalled that
ELPS-C (downstream) of this
pipeline was incinerated by a
bush fire Jan. 2, at Abakila, in
Ondo State, which
has since been rectified and
brought back to service,” Mr.
Ughamadu said.
The earlier fire incident had
affected gas supply to customers
in Ondo, Ogun and Lagos States
with subsequent shutdown
of some power plants with a
combined generating capacity of
1, 143MW.
Meanwhile, the Independent
Petroleum Marketers Association
of Nigeria (IPMAN) has asked the
federal government to remove all
the multiple charges being faced
by oil marketers if it sincerely
wants to address the fuel crisis
facing the country.
National President of IPMAN,
Chinedu Okonkwo, who made
the suggestion yesterday while
briefing journalists in Abuja, said
also the government should not
joke with the energy problem
currently bedeviling the country.
He called for synergy between
the National Assembly and the
IPMAN to device a process that
will make fuel available to the
masses by cutting off all the
bottlenecks preventing marketers
from accessing Foreign exchange
to import the refined product into
the country.
Speaking further, he said
because of the demurrage which
usually affect the marketers as
they spend more time seeking
FOREX, they are often forced to
obtain the currency anywhere
and at any rate, which he said will
certainly affect the pump price.
He however pointed out that the
only way to address the fuel crisis
is for government to get the local
refineries working, adding that
at the interim, the government
and marketers should have an
adjusted price tag that will be
acceptable to the public.
In a related development, the
IPMAN President, while narrating
how the leadership crisis affecting
the agency has worsened the
energy crisis, said a situation
where one man will create
confusion in an organization with
about fifty thousand outlets for
personal gains is not suitable for
the economy and the country at
Okonkwo said the leadership
crisis has negative impact on
the distribution of the product
because it will make nonmembers
of IPMAN to receive
products, which they can divert
since nobody can monitor them.
He said with strong leadership
in place devoid of crisis, they can
advise government on how to
distribute the product to areas it
is most needed. He recalled that
DAPMAN had said about fifty
two thousand metric tons of fuel
is being delayed because of lack of
agreement between government
and marketers.

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