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NNPCL Completes Depot Repairs After 15 Months Of Inactivity




The Nigerian National Petroleum Company Limited has completed the rehabilitation of the pipeline at the Satellites depots area.

Naija News reports that the latest development was made known by Chairman, of Satellite Depots, Akin Akinrinade, after 15 months of inactivity.

Akin during an interview with PUNCH said the repairs were carried out through the NNPCL subsidiary, NNPCL Pipeline, and Marketing noting they are currently being used to transport products to its members.

Akinrinade confirmed that the depots started receiving products last week Friday and more are also still coming today, (Sunday).

According to him, the price of fuel will decrease in the next few days and the queue will gradually disappear following the completion of the Satellite depots.

He said: “Satellite depots started loading at about 12:30 pm on Tuesday after 15 months of inactivity.

“We now load through the pipeline because the integrity has been restored.

“Although they have instructed depots to sell at N172 per litre, we have not started selling to marketers. We have started receiving products since Friday. We received it on Saturday, and some will also come in today (Sunday).

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“Since products are now being received, prices will now come down, and I can assure you that the remaining queue will disappear this week”