Federal Government Assures Nigerians Of Stable Fuel Supply

Despite caller concerns successful the downstream lipid sector, the national authorities has reassured Nigerians that determination volition beryllium nary disruption successful the proviso of refined petroleum products crossed the country.

The committee besides reaffirmed that the crude oil-for-Naira inaugural volition proceed without disruption and that outstanding issues were being handled urgently and successful bully faith.

This assurance followed a gathering of the Steering Committee connected the Domestic Crude Oil and Refined Products Sales successful Local Currency Initiative, chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, successful Abuja connected Saturday.

Following the committee’s decision, Dangote Petroleum Refinery and Petrochemicals announced connected Saturday the contiguous resumption of petrol (Premium Motor Spirit) income successful Naira, citing the involution of the Naira for Crude Technical Committee chairman.

In a connection to its customers, the refinery said that customers tin present spot orders and marque payments successful Naira for self-collection and escaped petrol transportation astatine antecedently specified locations nationwide.

Recall that the refinery had suspended petrol income successful Naira, amid ongoing challenges related to overseas speech and crude lipid pricing mechanisms.

The method committee’s intervention, formed to facilitate the usage of the Nigerian currency successful crude acquisition and downstream petroleum merchandise transactions, has helped span gaps betwixt the refinery and its customers.

The committee reviewed developments astir the reported suspension of the Naira-for-crude statement by the Dangote Refinery and concerns raised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN). It noted that the Dangote contented had already been amicably resolved.

In attendance were the Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu; the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, who besides heads the Technical Committee; representatives of the Nigerian Midstream and Downstream Petroleum Regulatory Authority; the Nigerian National Petroleum Company (NNPC) Limited; the Central Bank of Nigeria (CBN); Afreximbank; and the Dangote Refinery.

At the extremity of deliberations, the committee reaffirmed that the crude oil-for-Naira inaugural volition proceed without disruption and that outstanding issues, peculiarly the quality betwixt PENGASSAN and Dangote Refinery, are being handled urgently and successful bully faith.

The national authorities said it remains firmly committed to safeguarding vigor security, protecting consumers, and maintaining the stableness of the home petroleum products market.