Are you also experiencing the scarcity, well, brace up because it is not about to end soon.
This looming scarcity which began yesterday, Monday was said to have been as a result of delay in supply fuel vessels at the Apapa port in Lagos.
The Executive secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi Olawore told Punch that the scarcity was as a result of shortage in supply, as NNPC had supplied 58 million litters of petrol to Lagos and the major marketers were to get 40 million litres and the remaining 18 million was for NIPCO and AITEO.
Obafemi further said that the scarcity was as birthed due to the non-payment of arrears of subsidy claims and rise in cost which has hindered the importation of petrol since February.
He urged Nigerians to remain calm, as the situation will eventually ease up.
In a counter claim, the Group Managing Director of NNPC, Dr. Joseph Dawha, described the rush for fuel as mere panic buying as the Federal Government has put in place measures to aid effective supply of petrol.
Dawha maintained that there was enough stock to last the country till April and the non-payment of subsidy claims to the marketers and foreign exchange differentiation in foreign exchange rates have also been promptly addressed.
He stated that the Minister of Finance, Dr. Ngozi Okonjo-Iweala had approved the foreign exchange differentials which is being done in batches to the marketers.
He stated that the Minister of Finance, Dr. Ngozi Okonjo-Iweala had approved the foreign exchange differentials which is being done in batches to the marketers.
The head of the Pipelines and Product Marketing Company, Petroleum Products Pricing Regulatory Agency and the Department of Petroleum Resources has said that the challenge is with the marketing companies. It has to do with the Letters of Credit (LC) opening by the commercial banks which is already being addressed.
While it still remains at N87 in Lagos, it has remained unavailable.
Meanwhile, the People's Democratic Party, PDP presidential campaign led by Femi Fani-Kayode has accused the All Progressives Congress, APC of initiating the the fuel subsidy scarcity.
The Director of Media and Publicity, Femi Fani-Kayode described the fuel scarcity as a calculated effort of the opposition, APC to frustrate the good works of the government.
He noted that the fuel marketers had taken sub-contract from the opposition to frustrate supplies of the product stating that a relationship exists between the marketers and one of the national leaders of the APC
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