The Nigerian National Petroleum Company (NNPC) Limited has assured Nigerians that the country will not experience petrol scarcity in December and beyond, as it has made adequate arrangement for supply.
The Chief financial officer of NNPC Ltd, Umar Ajia, stated this recently in Abuja when he appeared before an ad hoc committee of the House of Representatives on fuel subsidy regime in Nigeria.
Ajia said that the company has put in place adequate measures to prevent petrol scarcity in the country, even after the 2023 general election.
“We have extended our Direct Sales Direct Purchase (DSDP) contract by six months, to sustain supply of Premium Motor Spirit (PMS) through out the country.
“The DSDP contract in reality ended in August and it is a very dangerous period to begin to re- tender for that because we are facing the winter, these are the difficult “ember months’’ that we normally avoid fuel scarcity.
“You know the scarcity in Nigeria is really associated with Christmas period so if you now tender, the tendering process will take one or two months.
“So, what the board approved is to extend the contract for six months such that we have passed the winter and we have passed the election, otherwise we could have problems during election,’’ he said.
Ajia, also said that petrol subsidised for Nigerians was being smuggled to neighbouring countries stating that figures of petrol consumed in the country does not necessarily represent the true picture.
He noted that as a result of the porous borders, subsidised petrol meant to be consumed by Nigerians go as far as Mali and other neighbourimg countries.
“If you have N5 million, you can cross the borders with trucks laden with petrol and that is the bitter truth, we have porous borders; yes we have customs but I do not know,” he said.
However the chairman of the Committee, Rep. Ibrahim Al- Mustapha (APC-Sokoto state) has said that there was the need for an upward review of petrol price in Nigeria, in-line with the global price.
Al-Mustapha said that petrol was being sold for N536 per liter in Niger Republic, N577 per liter in Mali and N389 per liter in Benin Republic.
