Fuel Scarcity As Returned In Its Full Glory

Fuel-scarcity-hits-Lagos1-516x340Fuel queues have returned at filling stations across the country.

Some filling stations in Lagos and Ogun states, as well as the Federal Capital Territory (FCT), Abuja, have hiked the pump price while a few others have locked their premises.

The Chief Executive Officer of Seplat Petroleum, Austin Avuru, had recently said  that the respite enjoyed by Nigerians was due to the importation of fuel products by some marketers owing the government. He stated that as soon as they pay up, fuel scarcity would resurface.

According to the Guardian, the Nigerian National Petroleum Corporation (NNPC) said the queues resulted from panic buying, urging consumers to ignore the baseless rumors spurring the action.

It explained 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.

 

Guradian

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