Home Business Energy NNPC Ltd Admits Financial Strain Due To Fuel Supply Costs
Energy

NNPC Ltd Admits Financial Strain Due To Fuel Supply Costs

Share
Share

NNPC Ltd on Sunday 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.

Share
Related Articles

More Revenue For Nigeria As NNPC Exports 950,000 Barrels Cawthorne Blend Crude

Nigeria’s revenue is set to witness a boost as the Nigerian National...

Adelabu Apologises To Nigerians Over Power Outages, Promises Improvement

The Federal Government has apologised to Nigerians over power foutages but is...

NNPC Secures Presidential Approval for $20 Billion Final Investment Decision on Bonga Deepwater Project

BY NKECHI BAECHE-ESEZOBOR —Nigeria’s national oil company, Nigerian National Petroleum Company Limited...

Lagos Moves to Strengthen Power Sector as Sanwo-Olu Inaugurates LASERC Board

Governor Babajide Sanwo-Olu, on Monday, rolled took another bold step to operationalise...