Kunle Kalejaye
Abuja — The Nigeria National Petroleum Corporation Limited, NNPCL has admitted the financial strains impacted by Premium Motor Spirits, PMS also known as petrol supply cost resulting in significant debt to suppliers.
A statement released by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd disclosed that the financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.
“In line with the Petroleum Industry Act (PIA), NNPC Ltd remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide,” the statement disclosed.
