The Depot and Petroleum Products Marketers Association (DAPPMA) has claimed that the Nigerian National Petroleum Corporation (NNPC) lied to Nigerians on the ongoing nationwide shortage of Premium Motor Spirit (PMS) or petrol.
DAPPMA made the claim in a statement issued on Monday. Signed by its Executive Secretary, Mr. Olufemi Adewole, the statement rejected accusations of product hoarding leveled against DAPPMA members.
While DAPPMA explained that it can neither confirm nor dispute NNPC's claim of having sufficient product stock, the association said it can confirm that the products are not in the tanks of its members.
According to DAPPMA, there are always hitches in product distribution any time the NNPC assumes the role of sole importer of products. DAPPMA added that 80 percent of the country's functional product receptive facilities are owned by its members and such do not currently hold products.
UCJ, UNILORIN.
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