Nigerian National Petroleum Company Limited (NNPCL) says the fuel queues that greeted the recent removal of subsidy will soon disappear.
On Monday during his inaugural speech at the Eagle Square in Abuja, President Bola Tinubu said the era of subsidy payment on fuel has ended, a move that led to a hike in price across the nation.
Fuel queues also resurfaced across the country as Nigerians scramble for the premium product which rose from around N185 per litre to between N400 and N600 per litre.
But speaking during an interview on Channels Television’s Politics Today, the Group Chief Executive Officer of NNPCL, Mele Kyari, says the fuel queues will soon be a thing of the past.
Kyari assured Nigerians that the situation won’t last as the NNPC was working assiduously to address challenges.
“I don’t see it stand beyond another day or two (days) max,” the NNPCL boss said. “I don’t see it (queues) actually stand beyond Saturday.”
“We have supply for the key trouble with PMS system is supply. There are over 810 million litres of petroleum in depots, tanks and fuel stations across the country.
“So, you don’t have the problem of transferring those. That means you have supply on the ground in your house. People panic and run to fuel stations to buy. They now know that there is certainty of pricing so they have to go back.”