NNPC allays fear over fuel scarcity

The Nigerian National Petroleum Corporation, (NNPC) has allayed fears of any hitch in petroleum products supply following reports of resurgence of queues in some parts of the country.

The NNPC Group Managing Director, Mele Kyari, gave the assurance while speaking at the Association of Energy Correspondents of Nigeria, (NAEC)’s ‘2021 Strategic International Conference’, yesterday, in Lagos.

The conference had as its theme: ‘Petroleum Industry Act: Energy Transition and the Future of Nigeria’s Oil and Gas’.

Kyari said NNPC’s objective was to provide energy security for Nigeria and ensure availability of petroleum products in the country.

He said: “As we speak now, there is speculation of fuel scarcity within the media but we have over 1.7 billion litres of Premium Motor Spirit, (PMS), a.k.a petrol, in the country.

“We have another 2.3 billion litres coming in so there is no shortage in supply as being speculated. Of course there are issues about pricing at some depots but government has no plan to revise the pricing structure”.

The NNPC boss noted that though Africa accounted for only about three per cent of the global carbon emission, the continent still had the responsibility to join the world in combating climate change.

According to him, Nigeria has identified its abundant gas resources as its fuel for energy transition, which informed the declaration of the Year 2021 to Year 2030 as the ‘Decade of Gas’ by the government.

Earlier in his welcome address, the NAEC Chairman,
Olu Phillips, said statistics showed that more than 100,000 people died annually in Nigeria as a result of indoor inhalation of waste gases.

Phillips said this informed the global energy transition, adding that the Nigerian government was responding with the focus on optimal utilisation of the country’s gas resources.

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