May 30, 2024

NNPC, marketers bicker over fuel scarcity


Adewale Akintaro

The Nigeria National Petroleum Corporation has attributed the ongoing fuel scarcity in the country to the panic buying and unethical practices by some petroleum marketers who are exploiting the present situation to make more money.

The company has also given assurances that the fuel queues across the country would end next week, noting that it had enough litres of fuel to end the scarcity.

Petroleum marketers, however, pooh-poohed the position of the NNPC, adding that inadequate supply was a major reason for the persisting fuel scarcity.

Recall that on Tuesday, the NNPC spokesperson, Femi Soneye, assured that the ongoing shortage in supply of petroleum products and queues for the products would be cleared by May 1.

According to him, the company had more than 1.5 billion litres of petroleum products available, enough to last for at least 30 days. He added that some individuals might be exploiting the situation to maximise profit.

The Major Energies Marketers Association of Nigeria had in a statement said its members in Apapa and other locations in Lagos had received 300 million litres of fuel from eight vessels this week.

In the last few days, the queues and shortage of petroleum products worsened the living conditions of most Nigerians as they struggled to get the product.

Roads were deserted while some individuals parked their vehicles at various filling stations pending the availability of petrol.

Hoarding of the product had also been on the increase, as some took advantage of the situation.

Concerned, the House of Representatives Committee on Petroleum Resources (Downstream and Midstream) called on security agencies to pick up hoarders of PMS.

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