The Nigerian National Petroleum Corporation (NNPC) claimed that despite getting forex at N305, marketers failed to import products. Besides they get products despite owing the Petroleum Products Marketing Company (PPMC) almost N27 billion.
But the Depot and Petroleum Products Marketers Association (DAPPMA) accused the NNPC of being the debtor.
In a statement by its Executive Secretary Olufemi Adewole, DAPPMA said: “We again reject any attempt to blame marketers for the shortfall in supply as it is not our making since NNPC has been the sole importer since October 2017.
“Marketers have continued to sacrifice to keep the country wet with fuel despite over N600billion debt owed our members and over N800billion owed marketers as a whole by the Federal Government.“
The association however assured Nigerians that no matter NNPC’s stance, it would take all steps to cooperate with it and its subsidiary PPMC to eliminate the fuel queues nationwide within the next few days.
The statement said the NNPC did not transact business with DAPPMA members on credit , adding that the association is not aware of the indebtedness of any of its members to the corporation.
“It is an indisputable fact that the DAPPMA members have paid for petrol supply (with bank funds) for over one month the value of which is in excess of N90billion, PPMC, NNPC had cargo to allocate to them. As such, how can we be held responsible for hoarding?”
