Contrary to claims by the National Petroleum Corporation (NNPC) that the fuel scarcity was caused by hoarding, fresh investigations reveal that the problem is a result of late release of import allocation to oil marketers, gap in importation and short-supply of petroleum products to filling stations.
It was gathered that the first quarter (Q1) import allocation released in February by the Petroleum Product Regulatory Pricing Agency (PPPRA) did not only come late, but made it difficult for major oil marketers to import products.
An independent marketer, who pleaded for anonymity, said the inability of government to place order for the first quarter allocation early has resulted in the shortage of the petroleum products.
�The truth is that the products are not available in Nigeria now. You can only stockpile the commodities that are at your disposal. NNPC is being economical with the truth. Instead of telling the public the true position of things as relates to fuel scarcity, they are playing around. The import allocation came late, and as such, marketers have to wait for at least two weeks to bring the products in. In between the period, there is tendency that they have run out of stocks.
Meanwhile,��the Nigerian National Petroleum Corporation (NNPC) yesterday supplied an additional volume of 33 million litres of �Premium Motor Spirits (PMS) to the Major Oil Marketers Association of Nigeria (MOMAN) for onward distribution to fuel stations across the Lagos metropolis. Hopefully, this will help alleviate the current hardship inflicted on Lagosians by the ongoing fuel scarcity.
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