Fuel scarcity spreads to states, litre sells at N165

There's no plan to increase fuel price – NNPC

Petrol queues return to Nigerian major cities

Speaking with Daily Trust in Lagos yesterday, DAPPMA executive secretary, Mr Olufemi Adewole, said there was now supply gap from NNPC, forcing independent marketers to rush to private fuel importers for supply.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Kano state also assured motorists that the current queues at filling stations would soon be over as the NNPC depot has released 50 trucks of the commodity for distribution.

It enjoined motorists and other users of petroleum products to disregard trending rumours in some online news platforms of an impending fuel price hike.

Dr. Baru had embarked on a short trip to receive the said award in the British Capital but had to ditch the journey when he got a call that fuel queues had returned to the federal capital as motorist had began panic-buying Premium Motor Spirit (PMS).

AS long queues resurfaced in the country on Tuesday, marketers have blamed the Nigerian National Petroleum Corporation (NNPC) for the scenarios.

Before leaving for London, Baru had directed that more truckload of petroleum products be dispatched to various parts of the country to cushion the effects of excessive demand caused by panic buying.

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

Meanwhile, the Senate Committee on Petroleum Downstream yesterday summoned Baru, to appear before it on Thursday, Dec. 7, having failed to appear before it yesterday.

The NNPC had said that the ex-depot petrol price of N133.38 per litre and the pump price of N143/N145 per litre had not changed, noting that the Corporation had enough stock of fuel to ensure seamless supply and distribution of products across the country.

Marafa stated the Senate would not allow some unpatriotic persons to cause Nigerians any hardships especially during the Yuletide.

He said members of the committee would be regrouped into sub-committees to make it possible for them to visit all the states.

Marafa however noted that the NNPC already issued statements informing that there is no need for panic buying. There is also the Managing Director of Petroleum and Product Marketing Company.

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