There will be mass supplies of petrol in Lagos, Calabar, Port Harcourt, and Oghara next month due to a special joint arrangement by the Nigerian National Petroleum Company Limited and 30,000-member independent petroleum marketers.
The decision is part of the move by the federal government and fuel supply chain stakeholders to find a lasting solution to the lingering fuel scarcity in the country.
It was confirmed on Sunday by officials that the NNPC Limited and the Independent Petroleum Marketers Association of Nigeria chose Lagos, Port Harcourt, Calabar and Ogara as four major fuel supply points from where the product would be moved to other parts of the country by IPMAN members of the independent.
The decision was reached following a series of meetings between NNPC Limited and IPMAN.
Speaking on the development, the National Controller Operations, IPMAN, Mike Osatuyi, disclosed that the NNPC would commence supply to depots at the four major cities for independent marketers from January.
"By January, we will start getting the products. We are currently gathering names for submission, we are collating our names, and it will have to go through some other process before it will eventually be approved.
"We have to also arrange for some vessels to drop fuel at some depots in Calabar, Port Harcourt, Ogara and Lagos.
“The impact of the queue at filling stations is not as high as it was because NNPCL has increased supply.
"Again, there are long queues at MOMAN stations because they buy at a government-regulated price of N148/litre.
"But once NNPCL starts giving independent marketers products steadily, the price will definitely crash to N180/litre at the pump", he stated.
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