PPMC allays fear over fuel scarcity

The Pipelines and Products Marketing Company on Thursday allayed fears of fuel scarcity.
The PPMC said there is enough fuel in strategic reserve to last for more than a month.

The Managing Director of PPMC, Mr. Haruna Momoh, stated the position in a statement on Thursday.
Momoh said all the issues that resulted in the queues around the country, especially Abuja, have been resolved.
He said: “There were a number of issues like the Petrol Tanker Drivers (PTD) strike in Kwara, Rivers and Edo States which have been resolved.
“There was also the issue of marketers’ reluctance to import products as a result of the uncertainty about subsidy payment which has also been resolved with the recent appropriation for subsidy included in the 2012 budget by the President.
“So marketers have resumed importation, and we have enough fuel in our strategic reserve to last until their cargoes start arriving.”