PETROAN President Reveals Root Cause of Fuel Scarcity in Nigeria

Mobel
By Mobel 4 Min Read

PETROAN President Reveals Root Cause of Fuel Scarcity in Nigeria

PETROAN President Reveals Root Cause of Fuel Scarcity in Nigeria Billy Gillis-Harry, President of the Petroleum Products Retail Outlets Owners Association (PETROAN), has attributed the recent fuel scarcity in Abuja, Nasarawa, and other states to the non-supply of Premium Motor Spirit (Petrol) by the Nigerian National Petroleum Company Limited (NNPCL).

In an exclusive interview with TURO247NEWZ, Gillis-Harry discussed the resurgence of fuel queues across Nigeria, particularly in the nation’s capital and surrounding regions.

Fuel Queues Resurface in Key Locations

Reports from TURO247NEWZ indicate that fuel queues have made a significant return in Abuja and Nasarawa, with motorists struggling to obtain petrol. For instance, the NNPCL retail filling station along Kubwa Expressway experienced massive queues on Friday, with similar scenes at Ranoil in Gwarimpa. Numerous filling stations along the Kubwa Expressway, Lugbe, and Airport Road were devoid of fuel by Saturday morning.

Fuel Marketers Unable to Set Prices

Gillis-Harry emphasized that fuel marketers are not in a position to set prices as they do not import the product themselves; they sell it based on the purchase price. He pointed out that the scarcity and resulting queues are due to the lack of supply to PETROAN members and other marketers.

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“Yesterday (Friday), I visited over fifteen filling stations in Abuja, including NNPCL retail outlets, but there was no fuel. If prices are increased, it’s not by our doing. We sell at the price we buy. The absence of fuel is the core issue. We don’t import the product; it’s solely NNPCL’s responsibility.”

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Impact of Dangote Refinery’s Upcoming Operations

When asked about the potential impact of Dangote refinery’s planned mid-July 2024 fuel supply commencement, Gillis-Harry clarified that the refinery has not yet produced any fuel or diesel. He acknowledged the challenge Dangote faces in meeting the deadline but emphasized that NNPCL should not halt its imports in anticipation of Dangote’s output.

“The Dangote refinery has yet to supply any fuel, including diesel. We are proud of having a refinery with a capacity of 650,000 barrels per day in Nigeria, but NNPCL must continue its imports to meet daily demands. The current supply challenge lies with NNPCL, which operates a limited number of filling stations. PETROAN and other stakeholders have a widespread presence, making it essential for NNPCL to address the supply issues to prevent such shortages.”

Calls for Action

Gillis-Harry urged NNPCL to improve its supply chain to mitigate the scarcity. He stressed the importance of collaboration among all stakeholders to avoid future disruptions.

Lack of Response from NNPCL and IPMAN

Efforts to reach NNPCL spokesperson Olufemi Soneye for comments were unsuccessful. Meanwhile, Abubakar Maigandi, National President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), requested a follow-up call on Saturday.

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Rising Fuel Prices

The latest Petrol Price Watch report from the National Bureau of Statistics revealed that the average price of petrol per liter rose to N769.62 in May 2024, highlighting the economic impact of the ongoing fuel scarcity.

For the latest updates and expert insights into the fuel supply situation, stay tuned to TURO247NEWZ.

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