EKO HOT BLOG reports that most filling stations across Nigeria are currently rationing petrol due to the refusal of fuel marketers to import the product.
This is despite the recent deregulation of the downstream oil sector, which was supposed to allow private marketers to import and sell petrol.
EDITOR’S PICKS
- ‘We Will Hand Over Power After 3 Years’ – Niger Junta
- Suspended EFCC Chair, Bawa Marks 67 Days In DSS Custody, Refuses To Cooperate With Investigators
- Nasarawa Gov’ship: INEC Closes Defence At Tribunal
The scarcity of petrol has led to long queues at filling stations in some major cities, including Lagos.
Industry sources say that the marketers are unwilling to import petrol because the landing cost is above the ex-depot price, and they are also facing challenges in accessing foreign exchange.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that it is working with the marketers to resolve the issue.
FURTHER READING
- Niger: Abdusalami’s ECOWAS Delegation Meets Ousted President, Bazoum
- BREAKING: Niger Junta Shuns Meeting With Abdulsalami’s Delegation
- BREAKING! ECOWAS Invasion: Mali, Burkina Faso Deploy Warplane In Niger
However, the scarcity of petrol is likely to continue until the marketers are able to import the product at a price that is profitable for them.
Click to watch our video of the week
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611
