NNPC Ltd Faces Financial Strain Due To PMS Supply Costs, Impacting Supply Sustainability

<h4><strong>NNPC Ltd Faces Financial Strain Due <&sol;strong><strong>T<&sol;strong><strong>o PMS Supply Costs<&sol;strong><&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that NNPC Ltd has acknowledged recent reports in national newspapers regarding the company&&num;8217&semi;s significant debt to petrol suppliers&period;<&sol;p>&NewLine;<p>The company stated this in a statement signed by <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">Olufemi Soneye<&sol;a>&comma; Chief Corporate Communications Officer&comma; NNPC Ltd and made available to OpenLife&period;<&sol;p>&NewLine;<p>The statement stated that the  financial strain has placed considerable pressure on the Company and poses a threat to the sustainability of fuel supply&period;<&sol;p>&NewLine;<p><em><strong>&OpenCurlyDoubleQuote;In line with the Petroleum Industry Act &lpar;PIA&rpar;&comma; NNPC Ltd remains dedicated to its role as the supplier of last resort&comma; ensuring national energy security&period;<&sol;strong><&sol;em><&sol;p>&NewLine;<p><em><strong>&OpenCurlyDoubleQuote;We are actively collaborating with relevant government agencies and other stakeholders to maintain a consistent supply of petroleum products nationwide&comma;”<&sol;strong><&sol;em> the company said&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;