Fresh Petroleum Crisis Looms as Private Depot Owners Increase Price of Fuel

Fresh Petroleum Crisis Looms as Private Depot Owners Increase Price of Fuel

  • Fuel crisis is imminent in the country following the action by some private depot owners in Nigeria
  • The Independent Petroleum Marketers Association of Nigeria said depot owners unilaterally took a decision to raise the prices of fuel
  • Private depot owners in the following areas Warri, Calabar, Lagos and Oghara in Delta state have already increased their prices

Kano - The Kano chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has alerted the federal government over the imminent fuel crisis nationwide.

The Punch reports that the association revealed this is following the decision by some private depot owners to unilaterally raise the price of the commodity.

Petroleum Crisis Looms
The Independent Petroleum Marketers Association of Nigeria alerted the Nigerian government on the imminent fuel crisis. Photo credit: NNPC
Source: Facebook

Alhaji Bashir Danmallam, IPMAN chairman Kano, said some of the depot owners since Friday, October 15, had increased the price from N148 per litre to between N153 and N155 per litre, ThisDay added.

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Danmallam in a statement issued on Friday, October 22, went on to add that the association found it necessary to bring it to the government's attention in order for members not to get blamed if there's an increase in the price of the commodity.

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While accusing private depot owners of trying to cause a fuel crisis in the country, the IPMAN chairman said the association would not fold its arms and allow such.

UK fuel crisis: Hail Buhari for absence of fuel queues

Earlier, the Muslim Rights Concern (MURIC) shared its thoughts on the United Kingdom that was enmeshed in fuel shortages.

The group in a statement issued by MURIC director, Prof. Ishaq Akintola, said this is an opportunity for Nigerians to appreciate President Muhammadu Buhari.

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According to him, the country under Buhari-led administration has registered near zero fuel queues in six years. In reaction to the fuel crisis, Akintola explained that since Buhari took over, Nigerians have not had to sleep at petrol stations for three or more days.

Fuel scarcity inevitable as tanker drivers fix date for nationwide strike

Meanwhile, the Petroleum Tanker Drivers (PTD) a branch of the Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) had fixed Friday, October 8, to commence a nationwide strike.

PTD's national chairman, Otunba Salman Oladiti, on Monday, September 27, said the association will not fail to embark on industrial action if the federal government fails to meet its demands.

Among the demands the union is making is the reconstruction of all the bad portions of the roads, limiting the loading capacity to 45,000 litres, and enforcement of safety valve devices on trucks.

Source: Legit Nigeria

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