FUEL SCARCITY LOOM AS NNPC LTD SAYS FINANCIAL STRAIN DUE TO PMS SUPPLY COSTS, IMPACTING SUPPLY SUSTAINABILITY.
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…..ADMIT $6BN DEBT TO SUPPLIERS
Current fuel scarcity being experience accross the country may not abate soon as NNPC Ltd acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.
In line with the Petroleum Industry Act (PIA), NNPC Ltd remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.
