Fuel Scarcity Worsens As NNPC Fails On Demands, Promises - AMEBO ONLINE NEWSPAPER

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Fuel Scarcity Worsens As NNPC Fails On Demands, Promises

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Almost a month after the scarcity of premium motor spirit threw the country into an energy crisis, indications emerged, yesterday, that the situation may go from bad to worse, as prices at the pump rose to over N300 per litre in some filling stations across the country, especially those owned by independent marketers.

Although the Nigerian National Petroleum Company Limited had said in Abuja that 2.3 billion litres of additional premium motor spirit were being imported into the country to complement existing one billion litres as part of measures to address fuel scarcity, The Guardian gathered, yesterday, that most marketers, especially depot owners who had made payment for products since December last year, were yet to receive the consignment.

While the queues appeared to have abated last week, the situation became worse from Friday, as many petrol stations remained shut, while those that opened and sold at the official price, had long queues of motorists waiting to buy the product.

In Lagos, most of the stations owned by independent marketers that were without queues sold the product for between N200 and N250 a litre.

Amid the disruption in the distribution system, consumers are worried about the lack of monitoring and silence on the part of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in checking the excesses of some of the marketers that had products but selling above the pump price.

Multiple sources across the value chain equally confirmed, yesterday, that the existing strategy being deployed by the state oil firm in an attempt to enable it to recover cost after being transformed into a limited liability company may further worsen the prevailing situation.

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