Fuel Price hitting  N1000, as fuel scarcity persists without a course.

0

There are anxiety on the continues fuel queue  across the country, which has drastically impacting negatively on the economy, artificially caused by corruption in the Nigeria’s oil sector.
Fingers has been pointed at the NNPC ltd and some marketers which refuses to lift fuel over impending price increase.

According to reports on Friday by Daily trust correspondence, some Sources maintained that  some filling stations were not selling due to the anticipated  price increase ahead of the roll out of petroleum product from Dangote refinery.

There were speculations recently by reporters that the independent marketers were anticipating the premium motor spirit (pms) to be sold at N600 per litre when Dangote refinery finally got to the market.

Although the speculation has been refuted by the management of Dangote refinery clarifying that the speculation  is not a reflective of the refinery’s position while also denying fixing price at that price.

“We would like to clarify that Independent Petroleum Marketers Association of Nigeria (IPMAN) is not our business partner yet,” said Anthony Chiejina, spokesman of the Dangote Group.

Trustbase news correspondent learnt on Friday that fuel scarcity and queues persist in the FCT without any justifiable course, also despite the denial by Dangote, some marketers are still suspected to be hoarding fuel in anticipation of any price hike.

 The Nigerian Midstream and Donwstream Regulatory Authority (NMDPRA) has also threatened to shut down filling stations that refuse to dispense fuel.

However, Olufemi Shoneye, the Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), said there is enough supply as far as NNPC is concerned.

“In terms of supply, I can confirm that we have supply,” he simply said when contacted on Friday.

Reports from across the country on Thursday indicated that the scarcity persisted with long queues in a few major filling stations that are dispensing fuel while a litre is almost hitting N1000 at independent filling stations.