The scarcity of the premium motor spirit, popularly called petrol, has continued to spread across many states, resurfacing in Abuja on Wednesday after disappearing briefly. It grew worse in Lagos, Ogun, Ekiti, among others.
Oil marketers blamed this on the 163 per cent hike in the cost of renting daughter vessels to move products from mother vessels, stressing that this had reduced the purchasing power of many dealers.
They also attributed the scarcity to a drop in PMS supply by the Nigerian National Petroleum Company Limited, the inability to access foreign exchange at the official rate, and the continued subsidy on PMS, among others.
The PUNCH reported on Wednesday that long queues surfaced in Lagos on Tuesday as motorists spent hours at filling stations in their bid to purchase PMS. Commenting on this, the National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, said the situation was due to various factors.
He said, “Talking about Lagos, that is where most of the (PMS) vessels come. [The Punch]
