The federal government has approved that N413 billion owed to oil marketers as arrears of claims on subsidy of petrol which they supplied be paid to them.
The government according to the Nigerian National Petroleum Corporation (NNPC), on Wednesday made this commitment, just as the corporation also stepped up measures to eliminate the noticeable fuel queues in some petrol stations across some major cities in the country with the supply of additional volumes of petrol.
RELATED:Unpaid Fuel Subsidy: Oil Marketers Make Claims Of N470 Billion
NNPC noted in a statement from its Group General Manager Public Affairs Division, Ohi Alegbe that the new supplies are to enrich product availability in these affected areas of the country.
NNPC explained that in line with its drive to ensure zero fuel queues ahead of the forthcoming yuletide and beyond, that it is working assiduously with its downstream subsidiary company, the Pipelines and Products Marketing Company (PPMC) and other downstream players to consolidate the prevailing stability in the supply and distribution of fuel nationwide.
