In Abuja and neighboring Nasarawa and Niger states, queues for Premium Motor Spirit, commonly known as petrol, worsened on Thursday.
The Nigerian National Petroleum Company Limited (NNPCL) attributed the situation to logistical challenges but assured that the issue had been promptly resolved.
Petrol remained scarce on Thursday in the Federal Capital Territory and some other states in the North, forcing many filling stations to close shop, while the few ones that dispensed the commodity were greeted with heavy queues.
The cost of the product was increased to an average of N700/litre at stations run by independent marketers, though the very limited number of NNPC retail outlets that dispensed the commodity maintained the N617/litre price approved by the oil firm.
According to The Punch, marketers said that the supply of PMS to Abuja through the Suleja Depot in Niger State had remained poor, stressing that fuel trucks were no more coming to Suleja Depot and other depots in the North as before.
There is low supply while the demand for PMS is high. Right now only NNPC retail stations are selling at N617/litre in Abuja and other northern states. Every other station has arbitrary prices.
“The current reception at the Suleja Depot, which supplies Abuja and its environs, is very poor, the trucks are not coming and we understand that there is a cut down in supply from the depots in Warri and Lagos where products normally come from.”
Asked whether the NNPC was not importing enough PMS to meet local demand, Shuabu replied, “This could be another reason because it is often when there is short supply that we witness this scarcity and attendant queues.
“However, the retail stations of NNPC are trying, because they are the only ones that have not changed their pump prices and have continued to make it uniform at N617/litre in the northern region.
But outside that, all other marketers, whether major or independent dealers, their prices are not uniform. Some dispense PMS at N700/litre, while others sell at higher rates. Maybe by next week if the situation fails to improve, you will buy it at N800/litre.”
Reacting to the development., the Chief Corporate Communications Officer, NNPC, Olufemi Soneye, said the scarcity was due to issues around logistics, without giving further details.
He, however, stated that the issue had been resolved and urged motorists not to be involved in panic buying because the national oil company and sole importer of petrol had enough products.
He said, “The NNPC Ltd wishes to clarify that the tightness in the supply of Premium Motor Spirit currently being experienced in some areas across the country is a result of logistics issues and that they have been resolved.
“It also wishes to reiterate that the prices of petroleum products are not changing. It urges Nigerians to avoid panic buying as products are sufficient in the country.”
