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Operators laud NNPC over steady supply of petroleum products

By BusinessNews Staff on January 4, 2014

Some operators of petrol stations have commended the NNPC and its subsidiaries for the steady supply of petroleum products across the nation during the festive period.
They spoke in different interviews with the News Agency of Nigeria, NAN, in Lagos .

NAN correspondent, who monitored petroleum retail outlets in Lagos, reports that all filling stations visited were dispensing fuel to motorists.
The operators lauded government’s efforts which averted scarcity of petrol, a common occurrence during the Yuletide and New Year.

Mr. Ola Apena, a dealer with Total Filling Station in Epe, said that disappearance of queues at filling stations during festive period was an indication of the good distribution system by the PPMC.
Apena said that PPMC, a subsidiary and strategic business unit of NNPC, had shown its readiness to be transformed to compete with other operators in the downstream sector.

He commended the NNPC and the subsidiaries for the success they had recorded so far in eliminating fuel queues at filling stations in the last few years.
Apena urged the NNPC to sustain the laudable achievements.

“I am impressed with what I saw during this festive period compared with other years when people would queue up to buy fuel during the festive period.
“The management of NNPC should continue in this direction to stabilise the downstream sector of the oil and gas,” he said.

Mr Abu Edu, Managing Director, Seatap Oil and Gas, Epe, said that NNPC had been able to sustain effective products monitoring and distribution which created room for steady supply in most stations.
Edu said with the acquisition of the information tracking software, the incidence of bunkering and other sharp practices would be checked.

He said that the Federal Government had now taken bold steps to implement the deregulation policy to put an end to the sufferings of the people.
Edu said that the sure way out of the current problem in the downstream sector was the deregulation in order to guarantee a level playing field for all players.

“Federal Government has worked very hard in ensuring that some of the external factors affecting the operations of the NNPC are addressed through deregulation,” he said.

[Vanguard]

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