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Home Energy

Fuel supply still very low despite FG claims – Marketers

Business 360 by Business 360
February 6, 2023
in Energy
0
Depots sell N220/litre, marketers project N350/litre pump price

Oil marketers insisted on Sunday that the supply of Premium Motor Spirit, popularly called petrol, was still very low despite claims by the Federal Government that it had over one billion litres of PMS, enough to keep the country wet.

Dealers faulted the claim of the Nigerian Midstream and Downstream Petroleum Regulatory Authority and the Nigerian National Petroleum Company Limited on the availability of surplus PMS in-country.

The NMDPRA recently stated that the NNPC had “PMS sufficiency of over 1.6 billion litres as of January 26, 2023, both on land and marine,” as this was re-echoed last week by the national oil company.

But the National President, Independent Petroleum Marketers Association of Nigeria, Debo Ahmed, told our correspondent that the scarcity had failed to abate in many parts of Nigeria because of the very low supply of petrol by NNPC.

“The government, through its NNPC, should make sure that petroleum products are available. I won’t tell you a lie, the products are not available. It is not enough. I got a phone call from Calabar depot, where trucks are parked and they said there is no product,” he stated.

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