The Depot and Petroleum Products Marketers Association (DAPPMA) has assured Nigerians of regular supply of petrol, in spite of the N600 billion owed it by the Nigerian National Petroleum Corporation (NNPC).

In a statement issued in Lagos on Thursday, DAPPMAExecutive Secretary, Mr Olufemi Adewolesaid that, apart from the N600 billion the NNPC owed the members, it also yet to payover N800 billion due tothe marketers .

He said that in spite of the unsettled of debts, members of the association were still distributing petrol to every part of the country.

According to him, the essence of "our initial Press Release is to throw light on salient issues surrounding the shortfall in current petrol supply, which is solely being handled by NNPC.

“It was not an attempt to join issues with PPMC (Pipelines and Product Marketing Company)/NNPC with which we are partners.

“NNPC’s view about our Press Release stating our side of the story and seeking to defend marketers for the very first time against the unwarranted accusations of hoarding and profiteering is rather unfortunate.

“It is an undisputable fact that DAPPMA members have paid for petrol supply (with bank funds) for over one month, the value of which is in excess of N90 billion, yet PPMC/NNPC has no cargo to allocate to them.

“As such, how can we be held responsible for hoarding,” he said.

Adewole said that PPMC/NNPC did not transact business with DAPPMA members on credit, hence the association was not aware of any indebtedness to PPMC/NNPC by its members.

“We again reject any attempt to blame marketers for the shortfall in supply, as it is not our making since NNPC has been the sole importer since October 2017."

NAN reports that DAPPMA had on December 26 expressed concern over the inability of NNPC to supply petrol to its members’ depots.

NNPC also accused DAPPMA of owing N26.7 billion on petrol. (NAN)