The Nigerian National Petroleum Company Limited (NNPC) has blamed the fuel queues in Lagos State and Abuja on some construction projects going on in the state.
NNPC’s Executive Vice President, Downstream, ADEYEMI ADETUNJU, gave this explanation while addressing a news conference in Abuja.
The NNPC boss added that it has a national PMS stock of over 2 billion liters which is equivalent to over 30 days of sufficiency.
The most recent queues in several parts of the country have left many commuters stranded while others have resorted to buying the product from black marketers who have cashed in on the situation to sell at exorbitant prices.
The federal government in a statement said, that payment of subsidy for fuel is unattainable and has planned its removal for next year.