Prepare For Immediate Massive Nationwide Fuel And Kerosene Scarcity – IPMAN Threatens Nigerians

By Joshua Amaugo January 11, 2017 12:18

Prepare For Immediate Massive Nationwide Fuel And Kerosene Scarcity – IPMAN Threatens Nigerians

‎At a time when most Nigerians can barely feed, due to the severe hardship that has bedeviled the nation, the Independent Petroleum Marketers Association of Nigeria, IPMAN, has called on Nigerians to prepare for an imminent fuel scarcity, across the country.

The Vice President of the Association, Alhaji Abubakar Dankigari, who made this known on Tuesday, January 10, said‎ the Nigerian National Petroleum Corporation, NNPC, which sold the product for N133 per litre at the depots, was no longer loading petrol.

‎Dankigari, noted that ‎private depots around Calabar, were already selling the product between N138 and N140 per litre.

He said, marketers had decided not to load their trucks, since the Petroleum Equalization Fund, PEF, was already owing them over N200 billion for bridging the product.

According to him, if the trend continues within the next few days, there will be massive scarcity of petrol and kerosene across the country.

Already, the impact of the development is being felt in the Kerosene sub-sector, as it goes for N400 per litre in Kano, Kaduna, among several other States.

Presently, filling stations are finding it difficult to access fuel and according to them, when the volume in their tank farm runs dry, they will be forced to shut down operations.

Dankigari further ‎said: “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.

‎“Secondly, the cost of diesel is increasing. It is between N250 to N270 per litre. You can see that the cost of diesel is high, but it is equally available, because it has been deregulated. In addition, PEF that is supposed to be paying the transport fare, is not paying.

“So, the marketers have decided to keep their trucks. The money PEF is owing marketers, is now over N200 billion.

“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 lamented further, that the foreign exchange rate is too high for his members to import products into the country; stressing that until the Federal Government completely deregulates the petrol and kerosene market, its importation will not be attractive to marketers.

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