Categories: Uncategorized

Don’t blame marketres for fuel scarcity ―DAPPMA

Published by
The Depot and Petroleum Products Marketers Association (DAPPMA) has urged the Nigerian National Petroleum Corporation (NNPC) to stop blaming marketers for the lingering fuel scarcity rocking the country.
In a statement signed by its Executive Secretary, Femi Adewole, DAPPMA stated that “PPMC/NNPC does not transact business with DAPPMA members on credit hence we are not aware of any indebtedness to PPMC/NNPC by our members. We again reject any attempt to blame marketers for the shortfall in supply as it is not our making since NNPC has been the sole importer since October 2017.
“Marketers have continued to sacrifice to keep the country wet with fuel despite over N600billion debt owed our members and over N800billion owed marketers as a whole by the Federal Government.
“The essence of our initial ‘Press Release’ was to throw light on salient issues surrounding the shortfall in current petrol supply which is presently solely handled by the NNPC. It was not an attempt to join issues with PPMC/NNPC with whom we are partners.”
Furthermore, it said NNPC’s view of its press release stating its side of the story and seeking to defend marketers for the very first time, against the unwarranted accusations of hoarding and profiteering is rather unfortunate.
“It is an undisputable fact that DAPPMA members have paid for petrol supply (with bank funds) for over one month, the value of which is in excess of N90billion, yet PPMC/NNPC had no cargo to allocate to them.
As such how can we be held responsible for hoarding?
“We assure Nigerians, irrespective of NNPC’s stance, that all possible steps are being taken as we have always done, to cooperate with PPMC/NNPC to eliminate the fuel queues nationwide within the next few days,” it said.

Recent Posts

2027: ADC for all Nigerians, not discriminatory – Chairman

“The ADC will rule this state with the fear of God..."

3 minutes ago

Iyabo Ojo’s daughter shares threat letter actress received before office fire

Priscilla disclosed that her mother had been en route to Tanzania for her wedding when…

9 minutes ago

Lagos open for business, investors — Sanwo-Olu

"From green energy to industrial estates, tourism corridors to housing and logistics parks, the opportunities…

24 minutes ago

Pi-CNG, LASWA to embrace CNG as alternative energy for ferry operations

He emphasised that the waterways are central to Lagos' future mobility plans, and energy transition…

35 minutes ago

NASS proposes three-tier traditional institutions in Nigeria

"We should have a National Council of Traditional Rulers; it will be an apex body…

49 minutes ago

African mining ministers adopt reporting code, laud Alake’s leadership

“A critical challenge facing Africa’s mineral development agenda is the absence of a harmonised and…

58 minutes ago

Welcome

Install

This website uses cookies.