A resurgence of fuel scarcity has hit Nigeria, affecting economic activities and causing long queues at filling stations across the country. The shortage of Premium Motor Spirit (PMS), commonly known as petrol, has been attributed by marketers to a supply challenge from the Nigerian National Petroleum Company (NNPC) Limited.
According to Billy Gillis-Harry, the National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the scarcity stems from logistical issues within NNPC, leading to a disruption in the supply chain. Despite efforts by NNPC to address the problem, many retail outlets owned by independent marketers have remained closed, exacerbating the situation.
Motorists across various states have been subjected to long waits and inflated prices, with reports of petrol being sold for as high as N2,000 per litre by black marketers. The scarcity has led to widespread frustration among Nigerians, as queues at filling stations spill onto major roads, causing traffic congestion and hindering movement.
While NNPC has assured the public of sufficient petroleum products in the country and stable prices, independent retailers emphasize the need for consistent supply to meet demand. Gillis-Harry emphasized that PETROAN members are ready to serve the public once adequate supply is provided by NNPC.
The current fuel scarcity adds to the economic challenges faced by Nigerians, compounded by the removal of petrol subsidy last year, which resulted in a significant increase in pump prices. President Bola Tinubu defended the subsidy removal at the World Economic Forum, stating that it was necessary to prevent the country from financial collapse.
As the situation unfolds, Nigerians hope for swift resolution to the fuel supply challenges to alleviate the hardships faced by motorists and ensure the smooth functioning of economic activities nationwide.
REF: channelstv
