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Petrol depots still dry despite NNPC’s resolve to import cargos

Petrol Depots Still Dry Despite NNPC’s Resolve To Import Cargos

Despite the pledge by the Nigerian National Petroleum Corporation (NNPC) to flood the country with Petrol, most of the Depots in Lagos were still dry at the weekend as the corporation’s imported cargoes were still yet to arrive the country, THISDAY reports.

It was however, gathered that the queues experienced in some filling stations did not worsen, despite the tight supply. A market survey showed that out of about 28 functional depots in Lagos only four had stock of petrol, while 14 had diesel. The major marketers – Oando, Mobil, Forte Oil, Total, Conoil, NIPCO, and MRS however, all had petrol, which they were selling at normal prices but to only their dealers, except NIPCO.

Petrol was selling at ex-depot prices of between N140 and N143.50 in the four other depots – D Jones, Mao Oil, Sahara, and Stallonire that had. It was however, not clear if the product belonged to the owners of the depots or was on throughput with a third party. However, diesel was available in 14 depots – Wosbab, NIPCO, AA Rano, Acorn, Aiteo, D Jones, Fatgbems, Folawiyo, Rahamaniya, Obat, MRS, Integrated Oil, Ibeto, and Ibakem. Marketers said they were still awaiting vessels the NNPC had promised to import last week.

The post Petrol Depots still dry despite NNPC’s resolve to import cargos appeared first on Energy News | Oil and Gas News.

This post first appeared on Energy Mix Report, please read the originial post: here

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Petrol depots still dry despite NNPC’s resolve to import cargos


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