Sunday, 20 December 2015

IBE KACHIKWU ORDERS MASSIVE SUPPLY OF PETROL TO PRECLUDE SCARCITY IN CHRISTMAS

Dr. Emmanuel Ibe Kachikwu
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC) who doubles as the Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has instructed relevant agencies to embark on special supply of petroleum products to ensure country-wide availability at Christmas.

This development is contained in a statement signed by the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation, Ohi Alegbe, in Abuja on Sunday. The agencies instructed are Pipelines and Products Marketing Company and Petroleum Products Pricing Regulatory Agency.

According to the statement, the special supply intervention mechanism would involve the ramping up of additional supply via massive truck-out to guarantee product penetration to the nooks and crannies of the country teed-off over the weekend.

The statement added that daily fuel truck out to Abuja, Kaduna, Kano, Enugu, Ibadan and Jos had been increased significantly to enhance free flow of products across the country.

“NNPC is consolidating its strategic alliance with some major depot owners and oil marketers with strong regional logistics outlay in those areas to ensure maximum infiltration of products. The collaboration would be especially in the hinterland ahead of the Christmas and New Year festivities.”

The statement further called on the public to refrain from hoarding, diversion and panic buying of product, adding that the intervention measure would help circumvent the challenges posed by the unavailability of pipelines for the transportation of petroleum products, noting that product diversion was an economic crime and warned that it would not hesitate to report offenders to the security agencies for prosecution.