We Are Owed Over N800bn, Petroleum Marketers Cry Out, Insist NNPC Responsible For Fuel Scarcity

    Nigerians have continued to enjoy fuel supply from marketers in spite of being owed over N800 billion by the federal government.
    This was disclosed in a statement signed by the Executive Secretary of  DAPPMA,  Olufemi A. Adewole, made available to AUTHENTIC News Daily on Thursday.
    “Marketers have continued to sacrifice to keep the country wet with fuel despite over N600Bn debt owed our members and over N800Bn owed marketers as a whole by the Federal Government,” it stated.
    DAPPMA  said that the essence of their initial statement was to throw light on salient issues surrounding the shortfall in current petrol supply which is presently solely handled by the NNPC.
    “It was not an attempt to join issues with PPMC/NNPC with whom we are partners.
    “NNPCs view of 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 added.
    It noted that 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 N90Bn, yet PPMC/NNPC had no cargo to allocate to them.
    “As such how can we be held responsible for hoarding?
    “PPMC/NNPC does not transact business with DAPPMA members on credit hence we are not aware of any indebtedness to PPMC/NNPC by our members,” it pointed out.
    DAPPMA rejected any attempt to blame marketers for the shortfall in supply as it is not their making since NNPC has been the sole importer since October 2017.
    “We assure Nigerians, irrespective of NNPCs stance, that all possible steps are being taken as we have always done, to cooperate with PPMC/NNPC to eliminate the fuel queues nationwide within the next few days,” it assured.


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