Price of Petrol hits #300, as scarcity linger

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AS many filling stations remained shut, the scarcity of Premium Motor Spirit (PMS), otherwise known as petrol, bit harder yesterday.

The situation has led to increase in the pump price of the product which was sold for between N110 and N150 per litre at filling stations and between N200 and N300 by black marketers in some parts of the country.

But the Nigerian National Petroleum Corporation (NNPC) has assured that the queues will soon fizzle out. The corporation announced its collaboration with the Major Oil Marketers Association of Nigeria (MOMAN) and other downstream industry players to end the resurgence of fuel queues in some major cities, especially Lagos, and its environs.

In a statement yesterday, the NNPC stated that it had secured the commitment of the leadership of MOMAN to jointly ensure that the queues disappear in the days ahead by ramping up supplies across the country.

To achieve this, truck-out to filling stations in the Lagos area has been increased from the regular 245 to 295 trucks per day (9.7 million litres) while truck-out to fuel stations in Abuja from Suleja depot has been stepped up to 210 trucks per day (6.9 million litres) from the regular supply of 160 trucks per day. A similar increase in supply volume has been activated in the Port Harcourt, Calabar, Kano and Kaduna areas to ensure the availability of petrol in every part of the country.

Source: Guardian

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