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Tuesday, March 28, 2023

Panic as Fuel Scarcity Emerges in Lagos

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There is panic as petrol shortage, characterised by long queues started to emerge in Lagos.

Checks showed that some filling stations, especially independent marketers, did not have the product to sell to motorists and other consumers.

It also indicated that those with commercial stocks increased their prices, ranging between N200 and N250 per litre, depending on location.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) earlier in 2022 faulted the Pipelines and Product Marketing Company (PPMC) for the recent scarcity of premium motor spirit (PMS) in the country.

The Chairman, IPMAN, Lagos Satellite Depot, Mr. Akin Akinrinade, at a media briefing in Lagos, stated that since December 2021, not a litre of PMS had been lifted at the Nigerian National Petroleum Corporation’s (NNPC) Satellite depots at Ejigbo, leaving independent marketers to the hands of private depots who he said have increased their ex- depot price to a level no longer sustainable to sell PMS at N165.

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