Manufacturers Fear Shutdowns, Job Losses As Diesel Price Hits N950/litre

Avoid Panic Buying Gasoline, Regulator Advises Nigerians

by Echezona obinna
A+A-
Reset

The Nigerian Middle and Lower Oil Regulatory Authority has urged Nigerians not to buy premium motor gasoline, commonly known as gasoline, saying they have enough in stock.

NMDPRA CEO, Farouk Ahmed, confirmed this to the Nigerian News Agency in Lagos on Tuesday.

Ahmed said he checked with the Association of Major Oil Marketers of Nigeria and the Nigerian National Petroleum Company Limited. fuel reserve levels and confirm that they have adequate stock.

“I spoke with the MOMAN’S Executive Secretary this morning and he told me they have sufficient stock.
“I have directed them to start evacuating the product immediately to filling stations.

“(The) NNPC has also confirmed sufficiency and they have commenced evacuation.

Advertisement

“From now till tomorrow the situation will be back to normal.

“I don’t know what is happening but we are on top of the situation,” he said.

Ahmed assured that there was enough fuel and, therefore, appealed to members of the public to avoid panic-buying as all efforts were being made to resolve shortage in some filling stations in Lagos and its environs.

President Buhari Reveals Why They Decided Against Removing Fuel Subsidy

The National Operations Controller of the Independent Petroleum Marketers Association of Nigeria, Mike Osatuyi, attributed the scarcity to unsteady supply in the past few days.

Osatuyi told NAN that as a result of the unsteady supply, depots prices had risen from N165 to N177 and N178 per litre in Apapa and its environs.

“The marketers will only sell what they buy. If the price of petrol increases, we add our transportation cost and other charges to the selling price,” he said.

Advertisement

He appealed to the NNPC and the NMDPRA to supply enough petrol across the country to ease scarcity.

Queues are beginning to build in some filling stations in within Lagos.

 

Advertisement

Follow us on Facebook

 

 

Advertisement
Post Disclaimer

The opinions, beliefs and viewpoints expressed by the author and forum participants on this website do not necessarily reflect the opinions, beliefs and viewpoints of Anaedo Online or official policies of the Anaedo Online.

You may also like

Advertisement