TVC E, BUSINESS – The Nigerian National Petroleum Corporation, NNPC has increased its daily supply of Premium Motor Spirits, otherwise known as Petrol to Lagos from 295 trucks (9.7 million litres) as at Monday to 310 trucks yesterday, which is 10.2 million litres.
This, according to NNPC, is to of stem the ongoing fuel scarcity in the state and may other parts of the country.
The Executive Secretary of Major Oil Marketers Association of Nigeria (MOMAN), Obafemi Olawore said marketers received the 310 trucks yesterday, adding that if the same quantity is received today, the long queues at filing stations will ease out by end of the week.
Olawore stated that there are vessels laden with products that were imported by NNPC but the problem is that the Corporation lacks storage and distribution facilities to distribute the products, which accounts for the current situation on ground.
He noted that when the importation ratio was 50:50 between marketers and the NNPC, the distribution situation was not this bad, adding that the 78 per cent importation ratio given to the Corporation may be reviewed in second quarter.
