Pegasus Reporters Issues on the Wing
“Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed optimism that the fuel queues in Lagos and Ogun will diminish this week, based on assurances from the NNPC but cautioned that the queues in Abuja might persist longer because of the distance from Lagos.”
*A typical scene of fuel scarcity in Lagos
PEGASUS REPORTERS, LAGOS | MAY 1, 2024
The Nigerian National Petroleum Company (NNPC) Limited has informed the public that the current fuel shortages and the accompanying queues will be resolved by Wednesday urging the pubic to exercise calm.
Mr. Olufemi Soneye, Chief Communications Officer at NNPCL, shared this information with the News Agency of Nigeria (NAN) on Tuesday in Lagos.
Explaining that the NNPC has more than 1.5 billion litres of fuel in stock that is sufficient to last for at least 30 days, he told the media:
“Unfortunately, we experienced a three-day disruption in distribution due to logistical issues, which has since been resolved. However, as you know, overcoming such disruptions typically requires double the amount of time to return to normal operations.
“Some folks are taking advantage of this situation to maximize profits. Thankfully, product scarcity has been minimal lately, but these folks might be exploiting the situation for unwarranted gain. The lines will be cleared out between today and tomorrow,” Soneye assured.
On the other hand, Hammed Fashola, the National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed optimism that the fuel queues in Lagos and Ogun will diminish this week, based on assurances from the NNPC but cautioned that the queues in Abuja might persist longer because of the distance from Lagos.
“The information available to us from the NNPCL was that there was a logistics problem, and when that happens, it will disrupt the supply chain. That might be a delay in the movement of ships from the mother vessel to the daughter vessel before it gets to the depot tanks.
“Before we can correct that, surely it will take some days. I think by Tuesday or Wednesday, there will be more products available for lifting by marketers.
“It might take time before it can ease off in Abuja, considering the distance to Lagos and the bad roads, Lagos might be calm this new week,” Fashola said.
As of yesterday Lagos, fuel stations were selling petrol for as high as N850 to N900 per liter in locations such as Maryland, Ikeja, Agege, Iyana Ipaja, and other outskirts of Lagos, while black marketers stand along the way, selling to distressed motorists for as high as N1,500/per liter.
************************************************************
Tell us you were here by replying to this story in the comment section below. You can share it, too.
Pegasus Reporters: making news that reaches your audience | Advertise with us! | Join our Readers’ Channel on Telegram (+234 815 444 5334)) Follow us on Twitter11@pegasusreporter | We are on Facebook; The PegasusReporters | Chat with us on WhatsApp (+234 815 444 5334) | Contact the Editor, Mallam Oyakhamoh Y. Carl-Abu’Bakar with your adverts or articles via pegasusreporters@gmail.com
Read Our Preceding Story: CBN stops OPay, Palmpay, Kuda Bank, and Moniepoint from onboarding new customers.
