Connect with us

    Hi, what are you looking for?

    Oil and Gas

    Fuel scarcity: We’ll supply only what we have – Oil marketers

    Fuel scarcity

    Petroleum Oil marketers in Nigeria have attributed the current fuel scarcity in the country to the lingering logistics challenges.

    The President of Petroleum Products Retail Outlets Owners Association, PETROAN, Billy Gillis-Harry, stated this in an interview on Channels Television. According to him, oil marketers were currently supply-constrained and could distribute only what they had.

    “I think until we get our supply challenges sorted out efficiently and abundantly, we will not be able to get out of this circle.

    I believe you must have heard the NNPC’s communications director who explained that the issues at stake are still logistics-related.

    So, until they get that resolved, we may just be managing the little they bring and give to us to distribute among our members.

    NNPCL is doing its best to bring in products bit by bit, and we can only supply what we have.”

    On what the logistics challenges were, he said

    “The logistics issue is about ship-to-ship transfer. Until the ship gets products, it cannot deliver to any of the depots. And until depots have products, we the retailers cannot also have access to products,”

    He, however, assured that marketers were in talks with the NNPCL oversupply challenges

    “We have been speaking with NNPCL. We encourage them to do more, and I can assure you that they are trying their best,” he said

    Nigerians have been experiencing fuel scarcity in recent times. The scarcity started in Lagos in late July and has now spread across many states in the nation. The scarcity has led to some fuel stations selling fuel as high as N1050 per litre.

    Loading

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    News

    Ukrainian President Volodymyr Zelensky has proposed a potential exchange of Ukrainian-made drones for U.S. Tomahawk cruise missiles during a meeting with President Donald Trump...

    News

    Nigerian billionaire and Senator, Ned Nwoko, has refuted the recent viral claims of domestic violence made by his wife, actress Regina Daniels. In a...

    Tech

    Kashifu Inuwa Abdullahi, CCIE, Director General, National Information Technology Development Agency (NITDA), has reaffirmed Nigeria’s commitment to leveraging Artificial Intelligence (AI) for national development,...

    News

    TD Africa, leading technology solutions aggregator in Sub-Saharan Africa, has officially announced the onboarding of Zinox Technologies into its basket of global brands. This...