The Nigerian National Petroleum Company Limited (NNPC) promised to resolve the ongoing petrol scarcity by mid-week, despite widespread shortages and black market prices soaring to as high as N1,500 per liter.
The scarcity has been blamed on evacuation challenges at ports, with oil marketers confirming that fuel supply at depots has not improved.
NNPC denied owing $6.8 billion to international oil traders, addressing rumors that these debts were causing the fuel shortage.
They also refuted claims of withholding remittances to the federation account, affirming their commitment to transparency and regular tax payments.
Despite NNPC’s assurances, fuel queues persisted across many states, with prices varying drastically, often exceeding N1,000 per liter.
The shortage has led to increased transportation costs and frustration among motorists nationwide.
Punch