NNPCL Says Financial Strain Impacting Fuel Supply Sustainability

Posted by African Examiner Business News, Featured, Latest Headlines Sunday, September 1st, 2024

(AFRICAN EXAMINER) – 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.

A statement issued by the company’s spokesperson, Femi Soneye stated that “ 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.”