Despite the pledge by the Nigerian National Petroleum Corporation (NNPC) to flood the country with petrol, most of the depots in Lagos were still dry at the weekend as the corporation’s imported cargoes were still to arrive the country, THISDAY has learnt. THISDAY, however, gathered that the queues experienced in some filling stations did not worsen, despite the tight supply. The queues resurfaced a week ago after some oil traders involved in NNPC’s Direct Sale-Direct Purchase (DSDP) contract flooded the market with diesel instead of petrol that was stipulated in their contract agreements. While the market became wet with diesel, there was a shortfall in the supply of petrol by the NNPC, which is majorly the sole importer of the product. The shortfall had fueled an allegation by the Independent Marketers Association of Nigeria (IPMAN) that the NNPC was undersupplying its members and giving priority to depot owners. IPMAN […]