Blame Game Intensifies As Fuel Scarcity Grips Abuja, Neighboring States

November 17, 2023
Fuel Scarcity: NNPC Blames Panic Buying, Marketers Disagree

Oil marketers and the Nigerian National Petroleum Corporation Limited (NNPCL) engaged in a tug-of-war over the ongoing fuel scarcity that has led to long queues at petrol stations in Abuja and neighboring states.

According to Chief Ukadike Chinedu, the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria (IPMAN), the persistence of queues was due to an inadequate supply of products, fostering profiteering among marketers. Chinedu emphasized the need for increased product availability to curb such practices.

Join our WhatsApp Channel

“In Port Harcourt, for instance, our tickets have been tied down. For the past three weeks, we have not been able to load products, leading to queues at the few stations that have products,” said Chinedu.

He further pointed out the delayed arrival of promised PMS vessels at various locations, attributing the hike in pump prices to the actions of private depot owners.

READ ALSO: Nigeria’s Oil Production Prospects: Meeting OPEC Quota, Economic Growth

However, Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, refuted the claims, attributing the situation to a “price war” between marketers.  Soneye emphasized that motorists preferred stations with lower prices, causing the apparent queues.

Soneye defended NNPC’s stance saying: “While NNPC retail is selling at N613/litre in Abuja, other marketers’ prices range from N625-N650/litre.”

Despite this dispute, Mohammed Shuaibu, Secretary of IPMAN Abuja-Suleja, acknowledged that while low supply volumes from NNPCL contributed to the queues, the upcoming festive season could also be a factor.

“The government should intervene now by flooding the country with products so that those who want to catch in on the season to profiteer would not be able to do so,” Shuaibu urged.

Meanwhile, the scenes at various petrol stations revealed lengthy queues not only at NNPCL outlets but also at Conoil and Total outlets across Abuja and its neighboring states, underscoring the severity of the situation.

As conflicting narratives persist, consumers remain stranded in queues, hoping for a swift resolution to the fuel scarcity issue before the festive season intensifies the challenge.

emmmmmm
+ posts

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Emmanuel Ochayi

Emmanuel Ochayi is a journalist. He is a graduate of the University of Lagos, School of first choice and the nations pride. Emmanuel is keen on exploring writing angles in different areas, including Business, climate change, politics, Education, and others.

Alibaba's Decision Sinks Hong Kong Stocks, Clouding Global Markets
Previous Story

Alibaba’s Decision Sinks Hong Kong Stocks, Clouding Global Markets

fIn a move to tackle illicit trafficking of Small Arms and Light Weapons (SALW) and bolster cross-border cooperation in West Africa, the European Union (EU) has allocated €24.4 million.
Next Story

EU Offers €24.4m To Combat Small Arms Trafficking In West Africa

Featured Stories

Latest from Business News

Rwanda Expands Fuel Imports Through Mombasa under Kenya Deal

Written by Amanze Chinonye Rwanda has begun importing bulk refined petroleum products through Kenya’s Mombasa port under a new government-to-government arrangement aimed at diversifying its fuel supply routes and strengthening energy security, with the first 40,000-tonne cargo arriving this week. Join our WhatsApp

Wealth Without Access is Stranded Wealth – Opiva Capital Chairman 

Written by Kamsiyochukwu Mbamalu The Chairman of Optiva Capital Partners, Franklin Nechi, has called on African entrepreneurs, investors and families to move beyond traditional wealth accumulation and embrace global access as a strategic tool for business growth, family security and intergenerational legacy. Nechi
I’m Ready To Lose Money To Give Nigerians Cheap Fuel – Dangote

Dangote Says Lamu Refinery will Withstand Legal Challenge

Written by Amanze Chinonye Nigerian billionaire Aliko Dangote said on Tuesday that a legal challenge over land earmarked for his proposed oil refinery in Kenya would not derail the project, describing such disputes as a normal part of doing business in Africa, Prime
Alibaba's Decision Sinks Hong Kong Stocks, Clouding Global Markets
Previous Story

Alibaba’s Decision Sinks Hong Kong Stocks, Clouding Global Markets

fIn a move to tackle illicit trafficking of Small Arms and Light Weapons (SALW) and bolster cross-border cooperation in West Africa, the European Union (EU) has allocated €24.4 million.
Next Story

EU Offers €24.4m To Combat Small Arms Trafficking In West Africa

Don't Miss

Air Peace Offers Affordable Luxury Flights To Antiqua For vacationers

Air Peace, Arik Air Increase Base Fare For Economy Flights To N50,000

Nigerian airlines have increased the cost of economy flight tickets
Federal High Court sitting in Ikoyi

Fleeing Couple To Lose N11.79bn Over Fraud, As Court Places Restriction On Banks

A Federal High Court sitting in Ikoyi has placed Mareva