JUST IN: NNPCL Official Urges Nigerians To Prepare For More Fuel Scarcity

The Executive Vice President (Downstream) of the Nigerian National Petroleum Company Limited (NNPCL), Adedapo Segun, has urged Nigerians to brace for more fuel scarcity.

This warning follows a recent surge in fuel prices, which has significantly impacted citizens nationwide.

Naija News recalls that the NNPC, on Tuesday, adjusted the pump price per litre of petrol to ₦855 across its filling stations.

Segun, while speaking on Thursday on Arise Television’s Morning Show, emphasized the importance of establishing a competitive market to stabilize fuel prices and ensure a steady supply.

The scarcity, already visible across the country, is linked to NNPCL’s challenges in managing fuel imports and debts to suppliers.

Additionally, experts have called for more strategic borrowing by the NNPCL to address supply issues and prevent further disruptions in fuel availability.

This spike in fuel costs has further strained the pockets of Nigerian citizens, many of whom are already grappling with the high cost of living.

The situation has also sparked concerns about the potential impact on transportation costs and the prices of goods and services, which are likely to rise as a result.