Fuel Scarcity In Nigeria News Today
The group managing director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has said that the under-recovery recorded on petrol, popularly known as fuel subsidy, has dropped to N20 per litre from over N80.
Some appreciative Nigerians have applauded the President Muhammadu Buhari-led government and the leadership of the NNPC, led by its Group Managing Director, Dr. Maikanti Baru, for ensuring adequate supply of fuel.
The national president of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Okoronkwo, on Monday, December 17, congratulated President Muhammadu Buhari on is 76th birthday celebration.
Kabiru Marafa, senator representing Zamfara central, who spoke about the possibility of fuel scarcity in Nigeria said marketers might negatively react to their outstanding of N800bn and it can result in the return of fuel queues.
Ibe Kachikwu has said Nigeria will continue to struggle and face challenges in terms of ensuring stable fuel supply until the downstream sector of the petroleum industry is liberalised and subsidy of petroleum products removed.
The Petroleum Products Pricing Regulatory Agency Nigerians that there will be uninterrupted supply and distribution of petroleum products during the festive season and beyond. It also said price of fuel will remain the same.