Oil & Gas

Pain, agony as fuel scarcity hits Lagos, Abuja, others

Access Bank
Many filling stations were shut on Monday and this led to queues by motorists in the few outlets that dispensed Premium Motor Spirit, popularly called petrol, in Abuja, neighbouring states, as well as in parts of Lagos.

It was learnt that marketers of PMS were still unsure about moves to halt petrol subsidy, considering the fact that the government had projected in 2021 that it would stop the subsidy regime in February this year.

Also, our correspondent gathered that some members of the Nigerian Association of Road Transport Owners had discontinued operations in protest against the low freight rate for petrol which they receive from government.

The National President, NARTO, Yusuf Othman, told journalists in Abuja on Monday that “our people have parked their trucks and more people are going to park (theirs).”

The National President, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, also stated that the fear over subsidy withdrawal had been in the minds of both private depot owners and some retailers, leading to product shortage at filling stations.

“I’ve explained to you that DPOs are studying the situation around subsidy, since the government has been making various statements on this matter and this has its way of affecting the market,” he told our correspondent.

Queues for petrol in filling stations have been appearing and disappearing in Abuja and neighbouring states in the past few weeks, as marketers confirmed that aside from panic buying by motorists, there have been disruptions in PMS supply.

News Express

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