The Nigerian National Petroleum Corporation Limited has finished repairing the pipeline at the Satellites depots area.
The Punch reported that the repairs were carried out through NNPCL Pipeline and Marketing, one of the NNPCL subsidiaries.
According to the report, the Chairman of Satellite Depots, Akin Akinrinade, said that the pipeline had been repaired. Also, It had started operations and is currently being used to move the products of its members.
In his words, “Satellite depots started loading at about 12:30 pm on Tuesday after 15 months of inactivity.
“We now load through the pipeline because the integrity has been restored,” he noted, adding that loading products through the pipelines would not be a one-off arrangement.”
“Although they have instructed depots to sell at N172 per litre, we have not started selling to marketers. We have started receiving products since Friday. We received it on Saturday, and some will also come in today (Sunday).
Meanwhile, he assured that prices will come down since products can now be transported.
He said, “Since products are now being received, prices will now come down, and I can assure you that the remaining queue will disappear this week.”
