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Our depots are empty, petroleum marketers cry out

By News Express on 27/12/2017

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•DAPPMA’s Executive Secretary Olufemi Adewole
•DAPPMA’s Executive Secretary Olufemi Adewole

The Depot and Petroleum Products Marketers Association (DAPPMA) on Tuesday expressed concern over the inability of the Nigerian National Petroleum Corporation (NNPC) to send petrol to its members’ depots.

In a statement in Lagos, DAPPMA’s Executive Secretary, Mr Olufemi Adewole urged NNPC to help the association so as to alleviate the suffering of Nigerians.

“Our members’ depots are presently empty. However, if the PPMC (Pipelines and Product Marketing Company)/NNPC can provide us with petrol, we are ready to do 24-hour loading to alleviate the sufferings of Nigerians, and for the fuel queues to be totally eliminated.

“We, petroleum products marketers, do empathise with all Nigerians who are going through difficulties at this time by spending hours on fuel queues because of the current fuel scarcity due to no fault of theirs.

“DAPPMA members import about 65 percent of the nation’s total fuel consumption, Major Oil Marketers Association of Nigeria (MOMAN) imports about 15 percent and PPMC/NNPC import the balance of 20 percent.

“However this scenario changed drastically due to several challenges faced by marketers," Adewole said.

The DAPPMA official claimed that their members pay PPMC/NNPC in advance for petroleum products.

He said that fully paid-up petrol orders, which had neither been programmed nor loaded, were in excess of 500,000 metric tons (about 800,000,000 litres).

“As at today, there is enough petrol to meet the nation’s needs for 19 days at a daily estimated consumption of 35,000,000 litres.

“Sadly, some people have blamed marketers for hoarding products. Unfortunately, this is far from the truth.

“Hoarding is regarded as economic sabotage and we assure all Nigerians that our members are not involved in such illicit act.

“While all kinds of allegations have been made in the media, it is important to set the records straight as Nigerians first, and as responsible business men and women who employ Nigerians.

“As it stands today, NNPC has been the sole importer of PMS (Premium Motor Spirit) into the country since October,” Adewole said. (Trust)


Source News Express

Posted 27/12/2017 05:13:05 AM


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