Monday, 3 March 2014

FUEL SCARCITY RESUMES IN LASGIDI

The scary sight of cars queuing for long unproductive hours  in filling stations across Lagos State has once again re-emerged. After rumours of the PMS (Premium Motor Spirit) popularly called petrol.

The resurgence of queues around parts of Lagos, with black marketers having field day along major routes from Ketu up to Maryland and along Palmgrove Ojuelegba axis. Five litres of fuel sells at N1,000 while 30 litres goes for N6,000 translating to N200 per litre.
Executive secretary of the Major Oil Marketers Association of Nigeria (MOMAN), Mr Obafemi Olawore, said the federal government, through the Petroleum Products Pricing Regulatory Agency (PPPRA), just released first quarter allocation of fuel importation to petroleum marketers, who will now commence the importation of the product.
He assured that fuel would reach everywhere in the next one month when importers would have brought in the product from outside the shores of the country.

He blamed the non-release of the fuel allocation for the first quarter of the year as well as the non-payment of N120 billion to importers of the product under the Petroleum Support Fund (PSF) to affected marketers as the cause of the problem.

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