Oil Marketers Resume Importation – PPMC

The Pipelines and Products Marketing Company (PPMC) has allayed fears of fuel scarcity in the country, saying that oil marketers have resumed fuel importation.

The PPMC gave the assurance on Thursday in Abuja in a statement signed by Dr Levi Ajuonuma, the Group General Manager (Public Affairs) of the NNPC.

The statement said that Mr Haruna Momoh, the Managing Director of the PPMC, also assured the citizens that all the issues that led to the initial glitch in supply of petroleum products had been resolved.

“There were a number of issues like the strike of the Petrol Tanker Drivers (PTD) 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 reserves to last until their cargoes start arriving,” Momoh was quoted as saying in the statement.

The statement added that Momoh urged the citizens to refrain from panic buying since there was enough fuel for the entire country.

It recalled that the Petroleum Products Pricing and Regulatory Agency (PPPRA) had also debunked reports that it had stopped processing subsidy claims from genuine importers.

Queues at filling stations had resurfaced in Abuja and environs as a result of the fuel scarcity.

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