The Depot and Petroleum Products
Marketers Association (DAPPMA) has assured Nigerians of regular
supply of petrol, in spite of the N600 billion owed it by the
Nigerian National Petroleum Corporation (NNPC).
Its Executive Secretary, Mr Olufemi
Adewole, gave the assurance in a statement issued in Lagos on
Thursday.
Adewole said that apart from the N600
billion the NNPC owed DAPPMA members, it also owe the marketers over
N800 billion.
“Marketers have continued to
sacrifice to keep the country wet with fuel, despite over N600
billion debts owed our members and over N800 billion owed marketers
as a whole,’’ Adewole said.
He said that in spite of the unsettled debts, members of the association were still distributing petrol
to every part of the country.
According to him, the essence of our
initial ‘Press Release’ is to throw light on salient issues
surrounding the shortfall in current petrol supply which is solely
being handled by NNPC.
“It was not an attempt to join issues
with PPMC/NNPC with which we are partners.
“NNPC’s view about our press
release stating our side of the story and seeking to defend marketers
for the very first time against the unwarranted accusations of
hoarding and profiteering is rather unfortunate.
“It is an undisputable fact that
DAPPMA members have paid for petrol supply (with bank funds) for over
one month, the value of which is in excess of N90 billion, yet
PPMC/NNPC has no cargo to allocate to them.
“As such, how can we be held
responsible for hoarding,’’ he said.
Adewole said that PPMC/NNPC did not
transact business with DAPPMA members on credit; hence the company
was not aware of any indebtedness to PPMC/NNPC by our members.
“We again reject any attempt to blame
marketers for the shortfall in supply, as it is not our making since
NNPC has been the sole importer since October 2017.
DAPPMA had on December 26 expressed
concern over the inability of NNPC to supply petrol to its members’
depots.
NNPC also accused DAPPMA of owing N26.7
billion on petrol.
-PM News
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