Fuel scarcity may linger as NNPC finally admits to ‘significant’ debt to suppliers
Top Stories Tamfitronics After several weeks of denial, the Nigeria National Petroleum Company Limited (NNPCL) has finally admitted to a significant debt to fuel suppliers.This, the state oil company said was responsible for the low supply of petrol to marketers nationwide.The NNPC confession has therefore fuelled amidst insinuations that the current fuel scarcity in the country may worsen.In a statement titled ” NNPC Ltd Faces Financial Strain Due To PMS Supply Costs, Impacting Supply Sustainability,” issued on Sunday, the NNPCL’s Chief Information Officer, Olufemi Soneye, said the financial strain has placed considerable pressure on the company and poses a threat to the sustainability of fuel supply.READ ALSO:NNPCL commences shipment of LNG to China, JapanThe statement read::“NNPC Ltd. has acknowledged recent reports in national newspapers regarding the company’s significant debt to petrol suppliers. This financial strain...