NNPC Says Low Load-outs At Depots Responsible For Sudden Fuel Queues

The New Diplomat
Writer
No Plan To Hike Petrol Price To N700 – IPMAN

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says sudden appearance of fuel queues in parts of Abuja is due to low load-outs at depots.

A statement by Garba Muhammad, Group General Manager, Group Public Affairs Department, NNPC on Monday, said this usually happened during a long public holidays, hence the Sallah celebrations.

Muhammad said another contributing factor to the sudden appearances of queues was the increased fuel purchases which was also common with returning residents of the FCT from the public holidays.

“The NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority in conjunction with their marketing partners have taken necessary measures to ramp up load-outs from all depots.

“We assure all residents of the FCT, and indeed all Nigerians, that we have ample local supplies and national stock in excess of 2.5 billion litres, with sufficiency of more than 43 days.

The NNPC Ltd. hereby advised motorists not to engage in panic buying as supplies were adequate and would become increasingly evident in the coming days. (NAN)

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp