NNPC Speaks On Fuel Scarcity In Yuletide, Oil Marketers' Threat
Nigeria was late last year hit with fuel scarcity. Image: Guardian

The Nigeria National Petroleum Corporation (NNPC) has allayed fears of fuel scarcity during yuletide following a threat by oil marketers.

Concise News had reported that the oil marketers, on Sunday, issued a seven-day ultimatum to the Federal Government for the payment of all outstanding subsidy debts including foreign exchange differentials and interest rate component owed to them.

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According to them, failure on the part of the government to do so would force its members to disengage their workers.

Speaking on the issue, the Group General Manager, Group Public Affairs Division, NNPC, Ndu Ughamadu said there is no cause for alarm.

“No cause for worries,” he told Punch. “We have a robust fuel stock and high sufficiency level. Consumers should not panic.”

He added that the NNPC is working with the marketers and the Federal Ministry of Finance and the Debt Management Office to resolve the matter.

“NNPC is engaging marketers’ bodies, Federal Ministry of Finance and the Debt Management Office on the issue,” he added.

“Going by positive outcomes so far, we are optimistic of a prompt resolution of the contending matter.”