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Major oil marketers reveal when fuel scarcity will end 

Major oil marketers are optimistic that the current fuel scarcity will end if the NNPC (Nigeria National Petroleum Corporation) continues to distribute the product at a fast and regular rate.
The MOMAN (Major Marketers Association of Nigeria) had told Punch News that NNPC has been distributing the product regularly for days now and added that the scarcity will end in a few days if the regular supply continues.

The Punch News also confirmed that MOMAN members, including Total Nigeria Plc, 11 Plc (formerly Mobil Oil Nigeria Plc), Oando Plc, Conoil Plc, MRS Oil Nigeria Plc and Forte Oil Plc, were receiving the product from the NNPC.

Mr. Obafemi Olawore who is the executive director of MOMAN spoke on Wednesday, December 27 saying they have been receiving the product from NNPC and suppling it to consumers.

He said: “The NNPC has been giving us product and we have been distributing it; all what we are hoping for is that they should continue at the rate they are giving us.”

On when the fuel scarcity will end, he said: “It is gradual. If they keep giving us the product like this, the scarcity should end in a few days’ time.”

However, the Depot and Petroleum Products Marketers Association (DAPPMA) said despite NNPC’s announcement, its members did not have petrol in their tanks.

Mr. Olufemi Adewole who is the executive-secretary of DAPPMA said: “Two of our depots have received products now and they are loading. Unfortunately, one of them that was supposed to load was turned back. I don’t know why; I am still trying to investigate. But two of them have received product and they are loading.

“We are loading and we are going to keep loading. Our members have promised to do 24 hours until the queues disappear, provided they get the product.”

A top official of one of the oil marketing companies in Lagos said a new ferry, Captain Gregory, arrived in Apapa on Wednesday, December 27 with about 35 million metric tonnes of petrol.

The source said: “If supply can be consistent like this, things will get better and people should be able to celebrate New Year without fuel scarcity.”

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