FG Approves Immediate Payment Of ₦413B To Oil Marketers

The Nigerian National Petroleum Corporation, NNPC on Wednesday ventured up measures to dispose of the noticeable fuel lines in some petrol stations across some major cities in the nation with the infusion of extra volumes of premium motor Spirit, PMS to nrich product accessibility in the affected zones.
The NNPC in a released statement, expresed that in accordance with its drive to guarantee zero fuel lines ahead of the prospective yuletide and past, the Corporation is working steadily with its downstream backup organization, the Pipelines and Products Marketing Company, PPMC and other downstream players to solidify the overall steadiness in the supply and distribution of fuel across the nation.
“Apart from increasing the volume of products distributed to stations across the country, inspection team from the PPMC have been commissioned to go round our operational areas to ensure compliance with laid down rules regarding loading and product evacuation across board to eliminate hoarding and other vices detrimental to the free flow of products,’’ NNPC said.

The Corporation noticed that the activity to guarantee zero fuel lines has been reinforced with the endorsement by the Federal Government for the prompt installment of N413 billion to oil advertisers as outstanding payment for subsidy claims.

“It is our belief that with the outstanding payment due to Oil Marketers now assured, the marketers and other downstream players will join hands with the NNPC to guarantee that the nation remains wet with petroleum products all year round,’’ the Corporatio

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