Fuel supply may be disrupted by debt, Says NNPCL

Eric Patrick 

The Nigerian National Petroleum Company Limited has saidthat the company's financial challenges may affect the sustainability of fuel supply across the country.

this comes after NNPCL admitted that the company is owing fuel suppliers to the tune of approximately $6b.

This was made known in a statement by the NNPCL and shared on its X.com handle on Sunday.

The statement read, “NNPC Ltd. has acknowledged recent reports in national newspapers regarding the company's significant debt to petrol suppliers.

"This financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply.

“In line with the Petroleum Industry Act (PIA), NNPC Ltd. remains dedicated to its role as the supplier of last resort, ensuring national energy security.

"We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide.”

THEWATCH AFRICA reports that Nigerians across the country have been facing fuel challenges as many fuel stations have refused to sell while others sell above pumb price.