Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, has stated that the current scarcity of Premium Motor Spirit in the country would be over next week.
“The situation you’re seeing today, I can assure you that by next week, it will vanish, all things being equal,” Kyari told the House of Representatives committee on petroleum resources (downstream) on Wednesday.
He added that the NNPC had ordered 2.5billion litres of the petrol while assuring Nigerians of having a robust supply plan.
“For this current situation, I assure you that we have taken every necessary step to restore supply into this country.
“We have placed orders significant enough for us to cross into March, with at least 2.1 billion litres of PMS in our custody.
“We are assuring Nigerians that we have a robust supply plan and there is no need to bring out all your cars. Just buy what you need because there are plans to address this situation.”
“We are very conscious of the consequences that will come with it – the queues that you are seeing, the disruption of the economic activities that are very obvious. We are aware of this.
“We regret this situation and it is completely unavoidable. We didn’t see it coming. I apologise to Nigerians that we didn’t see it coming.”