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Home Economy

Senate gives NNPC 7 days to end fuel crisis

metro by metro
January 25, 2018
in Economy
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The Senate on Thursday urged the Nigerian National Petroleum Corporation (NNPC) to, within seven days end lingering scarcity of petrol and clear queues in filling stations across the country.
This followed a unanimous adoption of report of the Committee on Petroleum Resources (Downstream) on the fuel crisis in the country, at plenary.
In the report presented by its Chairman, Sen. Kabiru Marafa, the committee recommended that NNPC should be given seven days ultimatum to end long queues in fuel stations in the country.
The committee stressed the need for security agencies to ensure effective border patrol to check diversion of petroleum products to neighbouring countries.
It also recommended that the Department for Petroleum Resources (DPR) should double efforts to enforce compliance with government’s regulated pump price of petroleum products.
“During our recess, the committee moved around some cities, including Abuja and Lagos, to ascertain the situation on ground.
“When we thought that we were making progress, we just realised that the queues were resurfacing in fuel stations.
“We also engaged with the NNPC and other stakeholders and we were informed that there were challenges of supply coupled with massive smuggling of petroleum products to neighbouring countries for higher prices.
“Also, there is the problem of marketers selling above approved pump price,’’ the report stated.
In his remarks, President of the Senate, Dr Bukola Saraki, urged NNPC to ensure compliance with the resolution and endeavour to end the queues within seven days.

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