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Despite N26.7bn Debt, NNPC Says DAPPMA Still Gets Products

Nigeria's Vice President, Yemi Osinbajo, monitoring the petrol scarcity situation in Abuja

As the fuel scarcity situation lingers, the Nigerian National Petroleum Corporation (NNPC) has said it still supplies products to the Depot and Petroleum Products Marketers Association (DAPPMA) despite their N25.7 billion debt, as against their claims.
The Corporation described as very unfortunate a statement credited to DAPPMA that the current scarcity in the supply of products was due to the inability of the Direct Sale Direct Purchase (DSDP) partners of NNPC to deliver on their business obligations on fuel supply.
The state oil firm said it has supplied appreciable volume to DAPPMA, Major Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) to rid the current challenges.
The NNPC which affirmed that it is the sole importer of petrol into the country added further in a statement “Despite the concession by the government giving access to DAPPMA to obtain forex at an official rate of N305 per dollar for PMS import, their members have not been able to do so, leaving NNPC as the sole supplier of PMS to the Nigerian market.”
“NNPC regrets that DAPPMA which members had taken receipts of products from Petroleum Products Marketing Company (PPMC), a subsidiary of NNPC and owe the company to the tune of N26.7billion as at December 21, 2017, has the audacity to indict NNPC unjustifiably,” it added.
Meanwhile, the Corporation has assured that it has programmed to supply 1.2billion litres of the white products in January 2018, translating to about 40million litres of PMS supply per day. Ordinarily, Nigeria consumes about 700 trucks (about 27million – 30million) litres per day.
“Despite the current challenges, Nigerians are reassured that there is no plan to increase PMS pump price above N145/litre and that NNPC will continue to maintain ex–depot price of N133.28/litre which guarantees the pump price not exceeding the N145 per litre capped by the government,” the statement by its spokesman Ndu Ughamadu, added.

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