The current fuel scarcity had been blamed on the importation of adulterated petrol.
NNPC boss Mele Kyar says the Petroleum Industry Act (PIA) will attract more business investments and tackle the fiscal issues the sector has been struggling with.
The CAC presented the Certificate of Incorporation of NNPC Limited to President Muhammadu Buhari on Friday.
The Nigerian National Petroleum Corporation (NNPC) says Nigeria is losing millions of litres of petrol daily to smugglers.
NNPC says it is considering equity participation in private refineries in the country.
The GMD attributed the sudden re-emergence of fuel queue to the strike action embarked upon by the association of petrol tankers drivers.
“What we are seeing today is the cumulative effect of our lack of doing proper maintenance over a period of time.”
