Fuel Scarcity In Nigeria
The operations controller of the Department of Petroleum Resources (DPR), Warri zonal office, Antai Asuquo, has said that it has no plan to increase the pump price of petrol, adding that the product is available.
The chief executive officer of Financial Derivatives Company Limited, Bismarck Rewane, wants Nigerians to be prepared for an increase in the pump price of the Premium Motor Spirit (PMS), popularly called petrol.
Ibe Kachikwu, the minister of state, petroleum resources on Monday, April 15, affirmed that there is no fuel scarcity. He explained that the current fuel queues at filling stations are caused by logistics challenges.
Tayo Arowolo, a fuel attendant in one of the filling stations visited, said the scarcity of the product was as a result of inability of many of the Independent marketers to lift the product at the Lagos depot.
It was also gathered that the long queues at the fuel stations could have been triggered by alleged inability of fuel marketers to lift products from the Suleja fuel depot, which services Abuja and its environs.
The Nigerian Labour Congress (NLC) has cautioned the federal government against implementing the recommendation of the International Monetary Fund (IMF) on the removal of subsidy on petroleum products in the country.