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Business FG Declares Emergency For Petroleum Products Distribution


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The Federal Government has declared a state of emergency for petroleum products distribution in a swift move to end the recurrent fuel shortages, particularly of premium motor spirit, PMS being experienced in the country.

According to Vanguard. private operators in the country now have the responsibility to bring in 60 percent of the scarce commodity in the second quarter, Q2 import allocations.

Vanguard revealed that in confidence yesterday that for Q2, the Petroleum Products Pricing Regulatory Agency, PPPRA 44% allocation to Depot and Petroleum Products Marketers Association, DAPPMA; 40% NNPC/PPMC; and the balance of 16% to Major Oil Marketers Association of Nigeria, MOMAN.

Confirming the developments, the Commercial Director, PPMC, Mr. Justin Ezeala, admitted to the drop in NNPC/PPMC new import allocation, saying that “it is meant to free NNPC to import only for itself, instead of importing for everybody as we have been doing since this year.”

He also admitted that the Minister of State for Petroleum Resources and Group Managing Director, NNPC, Dr. Emmanuel Ibe Kachikwu, had “directed that everything related to petroleum distribution must be treated as an emergency.”






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