Fuel Scarcity Returns, As Marketers Ration Products

AFTER a brief respite, fuel queues have returned at the filling stations across the country just as some filling stations in Lagos and Ogun states, as well as the Federal Capital Territory (FCT), Abuja, have started indiscriminate hike of pump price while a few others have locked their premises.

However, the Nigerian National Petroleum Corporation (NNPC) said the queues resulted from panic buying, urging consumers to ignore the baseless rumours spurring the action. It noted that some filling stations may be acting on speculations about government’s stance on fuel subsidy to create artificial scarcity.

The Group General Manager, Group Public Affairs Division, NNPC, Ohi Alegbe, said the corporation was working to maintain stability in the supply and distribution of petroleum products.

He assured that NNPC has enough petrol stock to service the country for 25 days at a national consumption rate of 40 million litres per day and has increased distribution to marketers and NNPC retail outlets across the country.

Finally, Oil Marketers Resolve Differences, Begin Lifting of Petroleum Products.

Finally the Nigerian oil marketers have decided to resolve their differences with Federal Government, and have agreed to make petroleum products available in the country in the next six hours.

The NURTW has also joined in the agreement to begin to distribute petroleum products across the country.

They all came to an agreement after meeting with the Senate committee on Petroleum Upstream and Downstream to find solution to the fuel scarcity crisis.