4500+ Petrol Trucks Untraceable In December- NNPC

Maikanti Baru, The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), said 4501 petrol trucks were untraceable during the petrol supply crisis.

Source: The Nation Nigeria.

The GMD said “Due to massive diversion, hoarding, panic buying and smuggling, coupled with the information that three Direct Sales Direct Purchase Consortia had rejected October cargoes, there was insinuation of a supply gap,”

Baru further revealed that during the period, NNPC could not track the movement of the trucks.

He disclosed that the nation lost about 148,533,000 million litres of fuel to the suspected diversion during the fuel crisis.

He alao noted that some of the key factors responsible for the fuel crisis include insufficient reserve, clearance speed, supply gap, diversion, hoarding, panic buying and smuggling.

According to him the NNPC had 1.9 billion litres strategic reserve of petrol, which should have lasted for 53 days but that due to panic buying, diversion and hoarding, the Corporation was not able to cope with the daily nation consumption of 37 million litres which led to queues and eventually led to frustrated citizens.

Source: The Nation Nigeria

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