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No fuel queues this festive season

13 October 2015, 06:55Augustine Osayande

Abuja - Stakeholders in the petroleum industry have has pledged to eliminate fuel queues throughout the country ahead of the forthcoming festive season.

Among the organisation include the Nigerian National Petroleum Corporation (NNPC), Major Oil Marketers Association of Nigeria (MOMAN) as well the Depot and Petroleum Products Association (DAPPMA).

They stated their commitment following a just-concluded meeting between them and the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Dr Ibe Kachikwu, in Abuja.

NNPC and the key downstream operators reached a consensus to work together to eliminate all obstacles that could hamper the free flow of petroleum products across the country.

Also read: NNPC begins monthly publication of financial, operational reports

Kachikwu stated that the issue of uninterrupted supply and distribution of petroleum products across the country is of utmost importance to the present administration.

He noted that government was willing to do everything possible to ensure that members of the public do not go through any form of hardship in accessing petroleum products.

He also promised to work with other relevant Federal Government agencies to fast track outstanding payment to oil marketers.

He promised to arrange a meeting with the relevant creditors bankers to ease off pressure on marketers and extend the credit lines.

Kachikwu noted that several financing mechanism are being explored to offset the commitment to oil marketers and hinted at the possibility of exploring the monthly payment option.  

- CAJ News


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