The Nigerian National Petroleum Company Limited, NNPCL has moved to check the recurring fuel scarcity in the country by releasing about 13 million litres of Premium Motor Spirit, PMS to petroleum marketers across the country.
This comes amid threats by the oil marketers under the aegis of the Independent Petroleum Marketers of Nigeria, IPMAN to hike the price of PMS supplied to petrol stations due to scarcity of the product.
The marketers had warned the FG that the scarcity would lead to an increase in the price of PMS since their members paid an extremely high amount to purchase the product which had become quite scarce due to the poor supply by the NNPCL.
The oil marketers confirmed on Friday that the petroleum regulator, NNPCL had made adjustments to their supply schedule and released 13 million litres of PMS. The National Public Relations Officer, IPMAN, Chief Ukadike Chinedu revealed this position.