Thursday, 20 September, 2018

Fuel Scarcity: Baru Abruptly Ends Trip As Fuel Queues Increase

Dr Maikati Baru,Group Managing Director of the NNPC Dr Maikati Baru,Group Managing Director of the NNPC
Sherri Watson | 06 December, 2017, 18:39

The fuel queues were, on Monday, reported to have resurfaced in Sokoto, but by Tuesday morning, there were reports of queues in many filling stations visited in Lagos, Kaduna and Abuja.

The NNPC GMD may have found himself in the most embarrassing and uncomfortable situation having to deal with the abandonment of what is thought be a prearranged award by FIN and Forbes business solutions.

NIGERIANS have commenced panic buying as marketers began rationing of petroleum products.

The IPMAN Chairman in the state, Alhaji Bashir Dan-Malam, gave the assurance in Kano on Tuesday and said the Managing Director of the Petroleum Products Marketing Company (PPMC), Alhaji Umar Ajiya, gave the directive to release the product.

Ibe Kachikwu, the minister of petroleum resources, and Maikanti Baru, group managing director of the Nigeria National Petroleum Corporation (NNPC), have been mandated to clear the fuel queues in Abuja and Lagos by the weekend.

Most petrol stations across the Federal Capital Territory was shut down, while long queues were witnessed in the few that were selling, forcing motorists to spend long hours trying to get the commodity.

The Senate Committee on Petroleum Downstream, has concluded plans to commence inspection of filling stations nationwide, over recent fears of fuel scarcity in the country.

Ughamadu said the ex-depot petrol price and pump price will remain the same.

He also said Mr. Kachikwu had, while briefing the council, assured that the country has "enough products till next one month or even till the end of January".

NNPC also assured that there was no plan to increase fuel price at depot and fuel station.

This, he said, is to avoid the situation where some unpatriotic persons would cause unnecessary hardships for Nigerians in the festive season.

"We will take time out to embark on a serious oversight".

IPMAN acussed the NNPC of breach of bulk purchase agreement to sell fuel to them at N133.28 per litre.

Marafa however noted that the NNPC already issued statements informing that there is no need for panic buying.

He also attributed the queues to panic buying, while he added that the NNPC would continue to make efforts toward ensuring unhindered supply of petroleum products across the country.