NNPC To Boost Retail Operations With 50 New Fuel Stations

ABUJA, April 19, (THEWILL) - Determined to perfect its plan to be an important player in the downstream sector of the oil and gas industry and to ensure that petroleum products get to all Nigerians irrespective of location, the Nigerian National Petroleum Corporation, NNPC, is about to conclude plans to build 50 new fuel stations across the country.

The initiative, to be executed by NNPC Retail Ltd, a subsidiary of the NNPC, would see the introduction of two new categories of retail outlets – the Super Mega-Stations, Mega-Stations and Standard Stations – under the Corporation’s retail business, besides a cocktail of mega-stations, floating mega-stations and affiliate stations already in operation across the country.

The corporation’s Group General Manager Public Affairs, Dr Levi Ajuonuma quoted the Managing Director of NNPC Retail Ltd, Dr. Oladipupo Ajiboye, as saying: "The 50 new fuel stations would fall into different categories, some of them will be super mega stations, some will be mega-stations and others will be standard stations.

This categorization is based on the size and the kind of facilities each would have, and accounts for the cost variations. What we know now is that the actual cost of each station will be determined by the size, location, and the kind of facilities each would have and on whether they are super-mega, mega or standard stations."

Explaining the rationale behind the initiative, the NNPC spokesman said it was the corporation’s way of ensuring that there was no scarcity of petroleum products in the future.

"Besides ensuring that Nigerians enjoy adequate supply of products close to their homes and at affordable prices, this initiative is also a means of creating jobs and boosting the economy to ensure that we touch the lives of Nigerians in many positive ways," Ajuonuma said.

The corporation currently has 37 mega-stations, 12 floating stations and 265 affiliate stations across the country.

The affiliate stations are being increased on a continuous basis.