The Depot and Petroleum Products Marketers Association (DAPPMA) has claimed that the Nigerian National Petroleum Corporation (NNPC) is owing it and other markerters N800 billion.
Executive Secretary of the association, Mr Olufemi Adewole, revealed this in a statement on Thursday, stating that the debt would however not stop the association in helping the NNPC ensure regular supply of petrol to Nigerians.
Adewole said NNPC owed DAPPMA members N600 billion and owed the marketers another N200billion.
“Marketers have continued to sacrifice to keep the country wet with fuel, despite over N600 billion debts owed our members and over N800 billion owed marketers as a whole,’’ Adewole said.
He said that in spite of the unsettled debts, members of the association were still distributing petrol to every part of the country.
On December 26, the association said their depots were empty over the inability of NNPC to supply them petrol for distribution.
But NNPC also accused DAPPMA of owing N26.7 billion on petrol.
According to DAPPMA, the essence of our initial ‘Press Release’ is to throw light on salient issues surrounding the shortfall in current petrol supply which is solely being handled by NNPC.
“It was not an attempt to join issues with PPMC/NNPC with which we are partners.
“NNPC’s view about our press release stating our side of the story and seeking to defend marketers for the very first time against the unwarranted accusations of hoarding and profiteering is rather unfortunate.
“It is an undisputable fact that DAPPMA members have paid for petrol supply (with bank funds) for over one month, the value of which is in excess of N90 billion, yet PPMC/NNPC has no cargo to allocate to them.
“As such, how can we be held responsible for hoarding,’’ he said.
Adewole said that PPMC/NNPC did not transact business with DAPPMA members on credit; hence the company was not aware of any indebtedness to PPMC/NNPC by our members.
“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.