Economy

Reps Calls NNPC to End the Artificial Petrol Scarcity.

todayDecember 14, 2022 21

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The House of Representatives has called on the Nigerian National Petroleum Company, NNPC Limited to end the artificial scarcity of petroleum products especially the premium motor spirit, PMS known as petrol in the country within the next one week.

Following a motion moved by Saidu Abdulahi, members unanimously adopted the motion and expressed sadness that if the situation continues, the festive period will bring untold hardship to millions of Nigerians across the country as the price of goods and services will increase.

Abdulahi revealed that intelligence reports on current fuel scarcity gathered by the security agencies showed that there is a cautious plan by some oil marketers to disrupt the effort of the government in the distribution of fuel in the country by hoarding the petroleum products, thereby creating artificial scarcity all over the country.

The lawmaker reiterated that the inability of the regulators of the petroleum sector to end artificial scarcity of petroleum products forced the Department of State Security Services, DSS to issue 48-hours ultimatum to the NNPC, and oil marketers to end the artificial scarcity of petrol.

Therefore, the Green Chamber House, instructed its committees on Petroleum Resources Downstream and Legislative Compliance to ensure compliance from the NNPC and other key stakeholders to comply with the resolve of the House and also called on the Nigerian Midstream Downstream Petroleum Regulatory Commission to work with the Nigeria Police Force and Department of State Services to ensure that the essential commodity is sold at the regulated price and in all retail outlets.

Written by: urbanradio042

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