The Nigerian National Petroleum Company (NNPC) Limited has informed the public that the current fuel shortages and the accompanying queues will be resolved by Wednesday.
Olufemi Soneye, Chief Communications Officer at NNPCL, shared this information with the News Agency of Nigeria (NAN) on Tuesday in Lagos.
He stated that the company has more than 1.5 billion litres of fuel in stock, sufficient to last for at least 30 days.
Similarly, Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed optimism that the fuel queues in Lagos and Ogun will diminish this week, based on assurances from the NNPC.
However, Fashola noted that the queues in Abuja might persist longer because of the distance from Lagos.
Earlier on Monday, Nairametrics reported that fuel scarcity had continued to worsen in Lagos, Ogun State, Abuja, and some other parts of the country despite claims by the NNPC Limited that all issues have been resolved.
Recall that last week, the spokesperson for NNPC, Olufemi Soneye, had issued a press release stating that all factors responsible for fuel scarcity had been resolved, and there was excess supply of petrol in the country.
However, Nairametrics observed that in Lagos and Abuja, fuel stations are selling petrol for as high as N850 to N900 per liter in locations such as Maryland, Ikeja, Agege, Iyana Ipaja, and other outskirts of Lagos.
In addition, black marketers stand along the way, selling to distressed motorists for as high as N1,500/per liter.