Fuel markets allay fears, assures Nigerians of adequate supply

The Major Oil Marketers Association of Nigeria (MOMAN) on Friday urged Nigerians to stop panicking over the likelihood of fuel scarcity.

It assured of the association’s effective distribution of petroleum products across the country.

Mr Clement Isong, an official of the association, gave the assurance in an interview with the newsmen in Lagos against the backdrop of the new queues at the filling stations in some part of the country.

According to Isong, MOMAN is working very closely with NNPC to make ensure that the queues will soon disappear.

“There were just some operational challenges at the jetty which had been addressed.

“MOMAN has product and we are still receiving product from NNPC at the official price.

“Am assuring Nigerians that there won’t be scarcity and the little challenges from the discharging reception at the jetty had been addressed.

“No cause for alarm, the queues at the stations will disappear in a short while,’’ Isong assured.

The MOMAN official said the association was committed to supporting the Federal Government on effective distribution of petroleum products.

“In line with government’s efforts at ensuring efficient petroleum products distribution across the country, MOMAN members have opted for seamless distribution of petroleum products.

 “We are working to present a common front that will easily drive government policies and ensure smooth distribution of petroleum products across the country,” he said.

Mr Olufemi Adewole, The Executive Secretary of Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN), however, told NAN that NNPC distribution pricing had been a major issue for depot owners.

He said that for now, no member had product in his facilities.

Adewole said that the price at which NNPC was giving members and other charges had made it extremely difficult for them.

“It’s not profitable because we are getting it between N139 and N140 per litre with other additional charges, then at what price do we sell it.”

“NPPC had the product, but with the NNPC price and other costs incurred, like the cost of hiring vessel it will be on the hire side and we have informed them but nothing was done.”