NNPC Sends Message to Nigerians on Fire Outbreak on Tank Farm as Marketers Crash Petrol Price

NNPC Sends Message to Nigerians on Fire Outbreak on Tank Farm as Marketers Crash Petrol Price

  • The Nigerian National Petroleum Company Limited (NNPC) has denied reports of a fire outbreak on its tank farm
  • The company said the fire incident happened in another tank farm belonging to another oil company
  • The company assured Nigerians of the continued smooth distribution of petroleum products distribution

Legit.ng’s Pascal Oparada has reported on tech, energy, stocks, investment, and the economy for over a decade.

The Nigerian National Petroleum Company Limited (NNPC) has denied reports of a fire outbreak in its tank farm in Apapa, Lagos.

NNPC denies fire outbreak in a tank farm
The NNPC group managing director, Mele Kyari Credit: NNPC
Source: Getty Images

NNPC denies fire outbreak on its farm

Various media reports attributed the fire incident to a tank farm belonging to the NNPC.

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However, the national oil company stated in a statement posted on its X handle that its tank farm remains intact as the fire happened in another tank farm belonging to another oil company.

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In a statement signed by Olufemi Soneye, the NNPC's Chief Corporate Communications Officer, the company said normalcy has since been restored and assured Nigerians of continued smooth distribution of petroleum products.

NNPC said:

“The Nigerian National Petroleum Company Limited (NNPC Ltd.) wishes to clarify that the fire incident at a tank farm in Marine Beach, Apapa, Lagos, was at a Depot belonging to HOGL Energy Ltd. (Honeywell Depot) and not an NNPC Retail Ltd. facility, as circulated by early responders.
“The fire, which has since been extinguished, resulted from petroleum products spillage within the perimeter of the tank farm.
“Meanwhile, NNPC Ltd. and other Depots in the area have resumed loading activities.
“NNPC assures that the incident will, in no way, affect petroleum products supply and distribution across the country.”

NNPC assures of smooth supply of petrol

In a previous report by Legit.ng, the NNPC assured Nigerians that adequate petrol would last for more than 30 days and cautioned against panic-buying.

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The company revealed that NNPC promised Nigerians that it has over 1.5 billion litres of premium motor spirit (PMS), also known as petrol, enough to serve the country for the next 30 days. 

This was disclosed in a statement released on X (formerly Twitter) on Tuesday, May 7, 2024, and signed by Olufemi Soneye, the company's chief corporate communications officer.

The NNPC also said that the long queues at filling stations nationwide will disappear as the supply and distribution of petrol continue to improve.

Oil marketers crash petrol prices

Legit.ng earlier reported that petrol marketers across Nigeria have crashed the commodity's price despite reporting high depot costs, which they say is about N770 per litre.

A market survey conducted by Legit.ng on Wednesday, May 15, 2024, showed that most oil marketers had reduced their petrol prices, saying that the Nigerian National Petroleum Company Limited (NNPC) supply was responsible for the crash.

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FG fixes date to roll out vehicles running on cheaper fuel, gives orders to filling stations

The marketers crashed the commodity’s price from N850 per litre to N650.

Source: Legit.ng

Authors:
Pascal Oparada avatar

Pascal Oparada (Business editor) Pascal Oparada is a Mass Communications Graduate from Yaba College of Technology with over 10 years of experience in journalism. He has worked in reputable media organizations such as Daily Independent, TheNiche newspaper, and the Nigerian Xpress. He is a 2018 PwC Media Excellence Award winner. Email:pascal.oparada@corp.legit.ng

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