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Thursday, 11 January 2018

Fuel Queues Return In Abuja As NNPC Warns Against Panic Buying

Fuel Queues Return In Abuja As NNPC Warns Against Panic Buying

Fuel Scarcity

Despite assurances by the stakeholders in the petroleum supply industry, growing queues again emerged in parts of the Federal Capital Territory raising fears of yet another impending of fuel scarcity in the country.

INDEPENDENT reports that long queues were seen growing in many filling stations within the metropolis as at mid-day on Thursday as motorists rushed to fill their tanks and avoid the hardship experienced during the Yuletide.

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However, the Nigerian National Petroleum Corporation (NNPC) wishes to enjoin motorists in Abuja, its environs and other parts of the Country not to engage in any panic buying of petroleum products.

The Corporation’s Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in a statement assured motorists that the NNPC has robust stock of PMS, otherwise called petrol, which is sufficient to serve the nation for more than 30 days.

“This plea comes on the heels of queues noticeable in some fuel stations, especially in Abuja.

“Motorists are advised to report any marketer selling above N145 per litre of petrol or hoarding the products to the Department of Petroleum Resources (DPR) which is statutorily empowered to deal with such issues. DPR has offices located in all parts of the country,” reads the statement in parts.

The NNPC Spokesman warned that law enforcement agencies would mete out appropriate sanctions to operators of fuel stations who engage in hoarding or sell products above the recommended band.

At the height of the acute scarcity of the fuel last December, Minister of State for Petroleum Resources, Dr Ibe Kachikwu, had attributed the cause of the fuel scarcity to shortfall in supply of petroleum products.

Kachikwu, had also assured that NNPC was making efforts to ensure that queues at filling stations disappeared in a couple of days.

Kachikwu said: “Presently, queues in Lagos have reduced. We know that Lagos, Abuja, Benue, Port Harcourt were among the worst hit areas.

“Benue has been dealt with; Port Harcourt is quite moderated. Apart from these areas, other places in the country are probably liquid.

 “The major problem is the gap in terms of volume, because NNPC is the only one importing the product to the country,” he said.

The Minister assured that there was adequate storage facility for imported products, adding that emergency measures were in place to ensure that the products were available during the Yuletide and post-January.

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