• Oil & Gas - News
  • Updated: April 05, 2024

Fuel shortage: Lagos major marketers distribute petrol to filling stations

Fuel shortage:  Lagos major marketers distribute petrol to f

The Major Oil Marketing Association of Nigeria (MOMAN) has announced that the distribution of petroleum motor spirit, or petrol, has begun from depots to filling stations in Lagos and other states.

Clement Isong, made the remark on Friday in Lagos while addressing the city's continuing gasoline shortage.

According to Isong, depots are already getting petrol supplies from the Nigerian National Petroleum Company Trading Ltd. and will continue to do so throughout the weekend.

He underlined the significance of dealing with these concerns in a timely and transparent manner in order to offer the public with clarification.

Isong stated that insufficient restocking at depots was the cause of several MOMAN members' low stock over the Easter season.

He mentioned that this resulted in disruptions at stores throughout the previous seven days.

Isong gave the people the assurance that supplies were returned, and MOMAN members were working hard to speed up the distribution procedure.

In order to guarantee that retail shops are adequately stocked, he claims that this includes extending the hours and weekends at depots.

“There was low stock over the Easter weekend for some MOMAN members resulting from truckout to supply stations without replenishment at our depots.

“This has led to outages in some retail outlets during the past week. Moving forward, we want to assure the public that supplies have resumed and all MOMAN members are collaborating closely to expedite the distribution process.

“Members are working tirelessly at our depots, including extended hours and weekends, to ensure that retail outlets are adequately stocked.

“Our collective goal is to eliminate fuel queues and stabilise the supply chain before the upcoming Sallah holidays next week,” he assured.

However, NAN's correspondent, who was monitoring the situation, reports a reappearance of petrol queues in Lagos as supplies runs low.

Motorists encountered long lines of vehicles at fueling stations around the state, including Ikorodu Road, Bridge, Anthony, Mayland, Oyingbo, Ogba, Ikeja, Alausa, Oba Akran, Surulere, and Victoria Island.

At the Total Filling Station on Mobalaji Bank Anthony in Ikeja, fuel lines stretched for several km, causing traffic congestion.

On the bustling Ikorodu Road, the presence of fuel racketeers peddling in jerrycans suggested a supply constraint.

The bulk of NNPC petrol filling stations had huge lines of vehicles, which could be ascribed to the cheaper retail price when compared to others.

NNPC retail stations sell for N568 per litre, while other large and independent sellers charge more above N600.

Furthermore, independent filling stations, which have a bigger number of locations, have been out of supply for months.

A marketer who requested anonymity informed NAN that there was a paucity of supply from the importers of last resort.

According to the marketer, the scarcity was partly exacerbated by NNPC Trading Ltd.'s delayed payment to overseas traders. 

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