Fuel Scarcity: NNPC begs oil marketers on proposed strike

NNPC urges oil marketers not to go on strike.

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has called on the Independent Petroleum Marketers Association of Nigeria (IPMAN), not to embark on their proposed strike action.

Naija News reports that the Lagos chapter of IPMAN had threatened on Wednesday to withdraw its services from December 11 over NNPC’s breach of bulk purchase agreement.

Reacting to the threat, Baru said, during the commissioning of the NNPC Ultra-Mega Station in Shagamu, Ogun state, that the corporation is distributing the products according to Petroleum Products Pricing Regulatory Agency (PPPRA) template of N131 per litre.

He added that there was no reason for marketers to sell above the pump price of N145 per litre.

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“If some marketers are selling above the approved PPPRA template at depots, we will leave it for relevant regulatory agencies to seal them up. They know the implication of going on strike now.

“I will advise them to report any member of Depot and Petroleum Products Marketers Association (DAPMAN) that sells at N141 per litre to relevant regulatory agencies to take action,” he said.

Baru noted that the corporation had about 35 million litres of petrol for daily consumption and a reserve of over one billion litres for Christmas and New Year Celebration.

He therefore, urged motorists not to panic, adding that the corporation had supply that could last for over 30 days in stock.