• Breaking News

    Get the latest Info Here....News | Sport | Politics | Entertainments | Health and Others

    News, Events, Entertainment, Lifestyle, Information Technology, Fashion, Beauty, Inspiration and Gossip!

    Wednesday, 11 January 2017

    Expect fuel scarcity nationwide – Oil marketers warn Nigerians


    The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday asked Nigerians to prepare for fuel scarcity.
    IPMAN Vice President, Alhaji Abubakar Dankigari, lamented that the Nigerian National Petroleum Corporation (NNPC) which sells the product for N133 per litre was no longer loading and that private depots around Calabar were already selling the product between N138 and N140 per litre.
    Dankigari said marketers had decided to keep their trucks since the Petroleum Equalisation Fund (PEF) was already owing them over N200 billion for bridging the product, warning that there will be scarcity of petrol and kerosene in the next few days.
    “If care is not taken, there will be fuel (petrol) scarcity because private depots have started increasing their rates; they are selling the product at a higher rate now in Calabar,” he told The Nation.
    “So, the marketers have decided to keep their trucks. The money PEF is owing marketers is now over N200billion. If this trend continues, there will be scarcity and the products will be very difficult to get. There is no kerosene at all.
    “The major problem is that in Calabar, marketers are buying this product at N138 to N140 from the private depots. You know that what the NNPC said we should collect is N133, but they are not loading”, he added.
    Dankigari noted that the foreign exchange rate was too high for his members to import products into the country.

    No comments:

    Post a Comment

    Cunter