• Tuesday, May 28, 2024
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Petrol marketers say logistics hitch causing fuel queues in FCT 


The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the scarcity of petrol in the federal capital territory is due to a logistics hitch impacting the supply of petroleum products across the country.

BusinessDay on Thursday, observed that several filling stations including some outlets of the Nigerian National Petroleum Company Limited (NNPCL) were shot down, and customers were told, “We do not have fuel.”

Many commuters in the nation’s capital were seen stranded at major bus stops, as only a few taxis were available to transport passengers. The available transporters increased the fares payable by passengers.

No need for panic-buying
Speaking to BusinessDay on the cause of the scarcity, Abubakar Maigandi, the National President of IPMAN, said that the NNPCL had just met with the association and assured them of enough supply of petroleum.

“We just held a meeting with the NNPCL and we were told that the scarce supply is due to logistics issues which according to them are being resolved. So these queues will soon be off because they assured us that they have enough supply.

“You know NNPCL is the sole importer of the fuel, we don’t produce in the country so they buy from outside the country and it goes through a process. So this is just logistics issue. So please there is no need for panic buying. We will soon have petrol everywhere,” he said.