in News, Oil and Gas

NNPCL Doubts Sustainability Of Affordable Fuel Supply Due To Heavy Debts Owed Fuel Suppliers/Contractors

1.5k Views

NNPC Ltd Faces Financial Strain Due to PMS Supply Costs, Impacting Supply Sustainability

NNPC Ltd has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.

See also  Despite Court Injunction, Again 25 Rivers Lawmaker Held Plenary Under Tight Security, Elect Major Jack As New Leader

In line with the Petroleum Industry Act (PIA), NNPC Ltd remains dedicated to its role as the supplier of last resort, ensuring national energy security. We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.

Olufemi Soneye
Chief Corporate Communications Officer
NNPC Ltd.
Abuja

See also  Arewa Consultative Forum Cries To Tinubu, Says Your Policies Are Making Northerners Poorer

1st September, 2024

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

Rema Donates 105 Million Naira To His Church In Christ Embassy Benin

FG Charges #EndBadGovernance Protesters For Treason, Arraigns 10 In Abuja Court