NNPC Portal Shutdown Delays Petrol Supply, Marketers Await N79bn Worth of Fuel
The Nigerian National Petroleum Company Limited (NNPC) has shut down its portal used by oil marketers to purchase petrol, causing delays in supply. Marketers are still awaiting over 90 million liters of petrol, valued at approximately N79 billion.
NNPC spokesperson, Olufemi Soneye, attributed the shutdown to a significant backlog, stating that it was necessary to prevent holding marketers’ capital for extended periods. Soneye assured that the portal would reopen once the backlog is sufficiently reduced.
Independent Petroleum Marketers Association of Nigeria (IPMAN) National Publicity Secretary, Chinedu Ukadike, confirmed the shutdown, revealing over 2,000 pending tickets for 45,000-liter petrol purchases. Ukadike estimated the value of these tickets at N79 billion.
Meanwhile, marketers have turned to private depot owners, who sell petrol at a premium, resulting in higher prices at independent filling stations compared to NNPC and major marketer outlets.
Key Highlights:
- NNPC portal shutdown causes petrol supply delays
- Marketers await N79 billion worth of fuel
- NNPC cites significant backlog as reason for shutdown
- IPMAN estimates over 2,000 pending tickets for petrol purchases
- Marketers seek direct purchase from Dangote to ensure price parity
The Petroleum Retail Outlets Owners Association of Nigeria (PETROAN) also confirmed the portal shutdown, affecting its members. PETROAN President Billy Gillis-Harry emphasized the impact on independent marketers.
This development highlights the challenges in Nigeria’s petroleum supply chain. For more updates on this story and the oil industry, consider searching online for the latest news.
