On Friday, there were longer lines for Premium Motor Spirit, also known as gasoline. Oil merchants claimed that this was due to insufficient supply from the Nigerian National Petroleum Company Limited.
Currently, the NNPCL is Nigeria’s only importer of gasoline, which it distributes to regional dealers.
Among other reasons, several marketers ceased importing the product because they were unable to obtain foreign exchange.
Although the national oil company acknowledged that it was aware of the fuel lines in Nigeria, the NNPCL had maintained on Thursday that it has 30-day PMS sufficiency.
“We are tired of all these announcements,” Gillis-Harry retorted when informed that the NNPCL had declared on Thursday that it had thirty days of sufficiency. Marketers are attempting to obtain products as best they can due to a breach in supply.
Foreign refineries offer PMS supply to marketers.
Moving forward, the president of PETROAN stated that foreign refineries were starting to make bids to marketers.
Dealers warned that because many small oil marketers have not been able to access PMS for more than a month, the lines for gasoline in certain parts of the nation might not shorten.
There were long lines at the few filling stations that did dispense products—mostly those owned by large dealers—while many filling stations, especially those run by independent merchants, were forced to close.
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