Featured Gas Oil

Fuel scarcity in Abuja, other areas caused by inadequate supply – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed inadequate supply of petrol from the depots in Lagos for the scarcity being experienced in Abuja and other parts of the country.

IPMAN President, Mr Chinedu Okoronkwo, made this known in an interview  on Monday in Lagos.

Okoronkwo spoke against the backdrop of resurfacing of fuel queues in some parts of the country, especially in Abuja.

He said that the ongoing conflict between Russia and Ukraine had disrupted the smooth distribution of petrol, also known as, Premium Motor Spirit (PMS).

According to him, marketers and transporters are now finding it difficult to bridge products to other parts of the country from the depots.

He said: “The huge amount spent in running the diesel trucks to transport fuel is very discouraging because we are running at a loss.

“The current N165 per litre pump price for PMS cannot fit in into the present realities without the pricing template being reviewed.

“We appeal to the government to look into the situation by either reviewing the freight rate or providing palliatives to all marketers to restore normalcy to distribution.

“The palliative can be making diesel accessible for marketers at discounted rates so that we can easily transport products across the country.”

Okoronkwo commended the government for the bridging claims paid so far to marketers, adding that efforts should be made to clear the outstanding amounts.

Related posts

Navy destroys 175 illegal refining sites, arrests 27 vessels

Our Reporter

Collision: NRC sympathises with victims, families, advises motorists

Editor

Over 1.9m doses of COVID-19 vaccines administered in Lagos

Meletus EZE

FG to add 800,000bpd to crude oil production

Our Reporter

542,576 Nigerians complete online pre-registration in 2 weeks — Prof. Yakubu

Meletus EZE

Just In: Buhari Appoints Usman Baba As Acting IGP

Editor