The Executive Vice President (Downstream) of the Nigerian National Petroleum Company Limited (NNPCL), Adedapo Segun, has warned Nigerians to get ready for more fuel scarcity.
This warning comes after a recent increase in fuel prices, which has greatly affected people all over the country.
Beyond Boders recalls that NNPCL raised the price of petrol to ₦897 per litre at its filling stations on Tuesday.
Segun, during an interview on Arise Television’s Morning Show on Thursday, stressed the need for a competitive market to help control fuel prices and keep the supply steady.
The ongoing scarcity across Nigeria is partly due to NNPCL’s problems with importing fuel and debts owed to suppliers.
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Experts have also suggested that NNPCL should consider more careful borrowing to fix supply issues and avoid more disruptions.
The rise in fuel prices has put more pressure on Nigerians, who are already struggling with the high cost of living.
There are also worries that transportation costs and the prices of goods and services will go up as a result of this situation.
