Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » PPMC allays fear over fuel scarcity

    PPMC allays fear over fuel scarcity

    February 23, 2012
    Share
    Facebook Twitter LinkedIn WhatsApp

    *Issues concerning fuel import have been resolved

    Oscarline Onwuemenyi

    23 February 2012, Sweetcrude, ABUJA – The Pipelines and Products Marketing Company on Thursday allayed fears of fuel scarcity assuring that there is enough fuel in strategic reserve to last for more than a month.

    The Managing Director of PPMC, Mr. Haruna Momoh stated in a release made available to our correspondent in Abuja that all the issues that led to the initial hitch in supply have been resolved.

    According to Momoh, “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,” he stated.

    Earlier in the week, the Petroleum Products Pricing and Regulatory Agency had debunked reports that it had stopped processing subsidy claims from genuine importers.

    The PPMC boss urged Nigerians to avoid panic buying as there is enough fuel to go round.

    Related News

    Seplat Energy earns CIPS Procurement Excellence Standard Certificate 

    IEA says it stands ready to tap emergency oil stocks, OPEC sees no need

    US EPA proposes higher biofuel blending volumes through 2027

    E-book
    Resilience Exhibition

    Latest News

    Tanker drivers suspend loading at Dangote Refinery over dispute

    June 14, 2025

    FG reiterates commitment to port automation

    June 14, 2025

    Seplat Energy earns CIPS Procurement Excellence Standard Certificate 

    June 14, 2025

    Meta signs deal for advanced geothermal power in New Mexico

    June 14, 2025

    IEA says it stands ready to tap emergency oil stocks, OPEC sees no need

    June 14, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.