Fuel scarcity forces Baru to return to Nigeria

Fuel scarcity forces Baru to return to Nigeria

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

Earlier yesterday, NNPC informed Nigerians that there was no plan whatsoever to increase the prices of petroleum products both at the ex-depot level and pump price ahead of the forthcoming yuletide.

Price schedule obtained during the survey by New Telegraph at the weekend also showed that the product was sold at N139 per litre at the De-Jones depot; Fatgbems was selling at N140 per litre; Folawiyo sold at N138.50 while Obat sold petrol at N141.

"If we add other costs to it, we can not sell at N145 per litre".

Similarly, motorists who bought petrol from the Ascon station along the IBB Way in Wuse, said they spent an average of 30 minutes to get in and out of the station with petrol in their tanks.

According to him, "we really don't know why they are deliberately giving us inadequate supplies and supplying the private depot owners products". Although the Executive Secretary of DAPPMA, Mr. Olufemi Adewole, denied the allegation of selling petrol above ex-depot price by his members, a depot owner, who confirmed that all private depot owners sell above the ex-depot price, told this newspaper that the increase in ex-depot price was caused by huge disparity between high demand and low supply of petrol during this period.

The Group Managing Director of the Nigeria National Petroleum Corporation, Maikanti Baru, is to appear before the Senate Committee on Petroleum Resources (Downstream) on Thursday over the rising scarcity of Premium Motor Spirit (Petrol) across the country.

It noted that the corporation had enough stock of fuel to ensure seamless supply and distribution of products across the country.

"There is only one vessel at the terminal ready to discharge, all marketers, major, independent and private depot owners, now depend on NNPC for products", he said.

Western zone chairman of IPMAN, Alhaji Debo Ahmed, made the appeal in an interactive session with the energy correspondents in Lagos. It said the price rise fears were unfounded. "These people are selling to us above the recommended ex-depot price of N133 per litre".

As at 1p.m. yesterday when THISDAY concluded its round of visits to service stations in Maitama, Wuse, Jabi, along Kubwa Expressway and Nyanya axis, vehicular queues had built up, but the stations were dispensing at the official pump price of N143 to N145 per litre.

NNPC said Baru had cut short a trip to London to oversee the handling of the situation. The DPR and NNPC seems to be helpless in this situation where the private depots sales petrol above.

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