Fuel Supply: We‘re Committed to Friendly Rates, Steady Delivery

  • Fuel Supply: We‘re Committed to Friendly Rates, Steady Delivery

Amidst the current fuel crisis in the country, NIPCO, one of the leading petroleum downstream operators, has pledged to continue with market-friendly rates for all petroleum products from its depot in 2018.

NIPCO’s new Managing Director, Sanjay Teotia, stated this in a New Year message to members of staff. He also promised stakeholders and consumers unfettered access to petroleum products, including Liquefied Petroleum Gas (LPG) also known as cooking gas from its facilities in Apapa, Lagos.

He said: “NIPCO would remain a reference point as a market leader in products marketing, working for the benefits of our stakeholders. Our depot will continue to be a major player in ensuring unfettered access to petroleum products at market friendly rates.”

In the Liquefied Petroleum Gas business, he said: “We would seize the opportunity of our present status as the outfit with the largest LPG storage facility in the country to enhance access to the product by promoting the consumption of LPG, otherwise referred to as cooking gas through flaw less operations with a view to aligning with the federal government’s policy to revitalize domestic cooking gas use across the country.”

Teotia said NIPCO’s meteoric rise among its peers has consistently shown that the organisation is a world class company, operating in a highly endowed oil and gas country.

“We hope to build on the successes of the out-gone year in conscious move to take the company to greater heights, leveraging our unique infrastructure and highly committed workforce.

“We would continue to build on our Corporate Social Responsibility (CSR) programmes. Our desire is to significantly impact positively on our host community in sports and education through series of sponsorship of school programme in Apapa Local Government Area in Lagos and other parts of the state and the country at large,” he added.

Felicitating with members of staff, Teotia said: “The New Year holds high optimism of better days ahead. From my vantage position, I am upbeat about our company’s growth pattern. May I seize the opportunity of this missive, which is my maiden one since assumption of office as the Managing Director to express my appreciation of the great work you have been carrying out for the company.

“I join you all in giving thanks and praises to God Almighty for His guide to the company’s management and the nation in general, even as we wade through the challenges of the sector. I wish to assure you that as a company, we remain rock-solid and fulfilled.

“I am excited with our modest performance in 2017, which would not have been possible without the support of our stakeholders of which members of staff contribution is very crucial. The commitment of our staff and the cooperation from the government and other stakeholders, including our esteemed marketers, has facilitated our performance in the outgone year.

“Be assured that I would strive to keep a happy and well motivated workforce based on a transparent performance driven reward and compensation system aimed at enhancing the company’s service delivery.

“Management would endeavour to prioritise staff welfare in recognition of the importance it places on the company’s workforce. NIPCO Pie Staff are the asset of the company. I urge you to rededicate yourselves to your duties to further propel the company to greater heights.”

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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