NNPC Faces Financial Strain Due to PMS Supply Costs

Post created on 10:35 am

A few days back, the Nigerian National Petroleum Company Limited, NNPCL, made a post calling on private owners interested in managing and operating refineries in Warri and Kaduna.

Late Sunday night, the company confirmed its debt portfolio to petrol suppliers, which has been circulating in the nation, that the sustainability of fuel by NNPCL is shaky.

According to the company, despite the financial challenges facing it, it is committed to following the PIA Act, serving as a last resort to ensuring energy security.

However, NNPCL revealed that stakeholders and relevant government agencies are closely engaged to maintain a steady supply of petroleum products across the nation.