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Fuel Scarcity Will Probably Last till Christmas & New Year – Oil Marketers

Fuel Scarcity Will Probably Last till Christmas & New Year – Oil Marketers

Oil marketers had on Friday, November 25 stated that the frequent appearance of queues in filling stations in Lagos state might persist till the yuletide season.

This is because oil marketers were now permitted to sell petrol at any rate of their choice as the Federal government was no more restraining them from selling the commodity at a regulated price.

The federal government is still yet to speak on the recent developments.  Officials of the Nigeria Midstream and Downstream Petroleum Regulatory Authority have neither answered calls made to them, nor replied to text messages sent to their mobile phones regarding issues of the scarcity of petrol across the country.

But NMDPRA, in its report on petrol sufficiency on Thursday, had claimed that there was a 33.17-day sufficiency of Premium Motor Spirit in the country as of November 24, 2022. 

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The report also revealed that about 2.1 billion liters of petrol were in stock, regardless of the widespread queues nationwide.

But oil marketers have immediately countered the statement, arguing that there had been concerns around logistics and the supply of products by the national oil company and sole importer.

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