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The Reason Fuel Scarcity May Continue Till May

by InlandTown
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The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has said that the ongoing fuel scarcity in the country may persist until the Federal Government takes effective action on petroleum products availability.
The declaration comes even as independent oil marketers and other private petroleum products operators insist that the Nigeria National Petroleum Corporation, NNPC, is running a monopolistic system.
President of NUPENG, Comrade Igwe Achese, told Vanguard, “Clearly from the perspective of our own study, in as much we are concerned with the current situation we find ourselves, scarcity will continue. However, like we rightly said, if Federal Government is having a political will to address these issues, definitely, we will get out of this quagmire. For now, I’m sure we will still continue to find ourselves in where we are.
“NNPC, through its Products and Pipeline Marketing Company, PPMC, subsidiary is trying everything possible to see that this scarcity issue is resolved, but it also requires the commitment of all stakeholders.”
Regarding the loading of products at the depots of PPMC and other marketers, he argued that, “It is not an issue of Capital Oil, or Mosimi, it is an issue of the process. We need to change our approach, we need to change our structure in terms of the way and manner we carry out these operations.”

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More anguish is coming to Nigerians over the current fuel scarcity. The crisis, which has lingered for over two months, may continue till May, second quarter of this year, due to alleged inability of the Nigerian National Petroleum Corporation (NNPC) to meet the daily need of Premium Motor Spirit (PMS) in the country.
While some of the Major Oil Marketers of Nigeria (MOMAN) and Independent Petroleum Marketers Association (IPMAN), which jointly own 22 per cent import allocation of PMS, stopped importation as they find it hard to source foreign exchange, NNPC, which now controls 78 per cent of the market, does not have fuel vessels on ground to tackle the existing crisis.
Queues at filling stations in some major cities across the country appear to have stretched as many depots, which depend on NNPC for replenishment have exhausted their stock.
The Minister of State for Petroleum, Dr. Ibe Kachikwu, has apologised for the current scarcity, saying the situation would soon be over. Kachikwu in NNPC’s Twitter account yesterday, apologised for the “pains” caused by the current fuel scarcity, saying it was not his intention to see Nigerians queue up unendingly to buy fuel.
“I apologise to Nigerians for all the pains. Nobody wants to see people spend two hours on fuel queues…”
He explained that he had been on tour of some fuel stations around Abuja, and that the corporation was working on a “long-term solution”, and that the scarcity would soon be a thing of the past.
“We are working on long-term solutions. We are on tour of some fuel stations within Abuja and environs. I assure that the fuel situation will soon be allayed,” he tweeted.

Content Credits: Vanguard/ News Headlines.com

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