Fuel Scarcity Set To Abate As 74million Litres Arrive Lagos

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The fuel scarcity situation in Nigeria is set to abate, as major fuel marketers, yesterday, said they have secured the delivery of about 74 million litres of Premium Motor Spirit, PMS, at their depots in Lagos.

This was even as the scarcity worsened, with many of the filling stations closed to motorists, while the few that were selling had long queues.

A number of the filling stations that were seen dispensing the products were selling above the official pump price of N97 per litre, while others collected fees before allowing motorists inside their premises.

Vanguard quoted Mr. Obafemi Olowore, Executive Secretary, Major Oil Marketers Association of Nigeria, MOMAN, as saying “three vessels: United Enterprises, Ocean Centurion and Alizea are discharging fuel in PWA jetty, NOJ jetty and BOP jetty all belonging to MOMAN.”

“United Enterprise is discharging 22 million litres of fuel, Ocean Centurion is discharging 22 million litres and Alizea — 30 million litres.

“That gives you a total of 74 million litres of fuel. It is unfortunate that we find ourselves in this situation but everything will ease out this week because we now have products.

“Some of our members would receive their product this weekend while others would receive theirs as from next week. So there is no need for panic buying, no need to hoard fuel and my contact in government has assured us that there is no plan to increase the price.”

Department of Petroleum Resources, DPR attributed the fuel scarcity to the non-renewal of contracts of some independent marketers to import the product, illegal bunkering in many cities and non-payment of subsidy fund to the marketers by government.

All these factors have resulted in shortage in supply, according to Aliyu Halidu, DPR Zonal Controller, Abuja who represented the Director of DPR, Mr. George Osahon, at the budget defence before the Senate Committee on Petroleum (Upstream), yesterday. 

Material Credit: Vanguard

 

 

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