Petrol now N1,100 per litre, here’s why

Voice Air Media, News Update

THE queues for Premium Motor Spirit, popularly called petrol, persisted in Abuja and neighbouring states on Monday, as it also spread to Lagos and other regions across the country, with marketers stating that the situation might drag till the weekend.

As motorists spend hours in queues at the few filling stations that dispensed the product, black marketers used the opportunity to raise their prices to between N1,000 and N1,100/litre, while some retail outlets increased the pump price of petrol to N900/litre, particularly in Abuja, Nasarawa and Niger.

This came as the Nigerian National Petroleum Company Limited explained that the queues were due the recent thunderstorm and challenges of logistics that disrupted activities at fuel loading jetties.

It, however, stated that the company was working with stakeholders to resolve the situation and clear the queues.

Reacting to this, the President, Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry, confirmed that NNPC had assured marketers that the matter was being addressed.

He, however, explained that the queues may not disappear in the next couple of days, stressing locations far away from major depots would experience lengthier days of fuel queues.

“Once they start loading, it takes some days to clear the queues. And don’t forget that filling stations in Abuja get products from Lagos, Oghara, Warri, Port Harcourt or Calabar, and that takes more than three days turn-around time to accomplish,” he stated.

On whether the situation was being resolved as stated by NNPC, Gillis-Harry said, “Yes it is being addressed and we’ve had an in-depth review of the matter. They’ve given us assurance that they are working on it and so we should be able to get products in our retail outlets.

“We could see what their challenges were, but during our conversation we were able to know that NNPC is working hard to tackle this situation. So we are certain that in the coming days petroleum products should be available and circulate widely.”

Gillis-Harry, however, stated that marketers could not confirm the claim of thunderstorm disrupting the loading of products at jetties, as stated by NNPC.

“Rather, as far as we are concerned there is a supply glitch which is now being addressed by NNPC,” the PETROAN president stated.

Gillis-Harry stated that to get a lasting solution to fuel scarcity and queues in Nigeria, the government and NNPC must work with downstream oil sector operators.

“We had recommended that NNPC should have a clearly-defined council made up of all the grassroot knowledge of the business so that when we sit down and discuss we can always project what is likely going to be our problem based on empirical evidence. We should be data-driven by the design and plan that we put together,” he stated.

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