See why there is fuel scarcity as marketers reveal when it will end

The Nigerian National Petroleum Corporation (NNPC) retail segment has revealed that the trapping of seven daughter vessels caused the current fuel scarcity in the country.

Huub Stokman, who disclosed this, said the vessels were carrying a combined total of 150 million litres of petrol.

The vessels were trapped on the high sea at the Escravos channel, a key oil terminal in the Niger Delta, resulting in a break in the supply chain.

This also led to a shortage of daughter vessels to evacuate more than enough petroleum products from mother vessels to Nigerian jetties and terminals, BusinessDay reports.

Stokman, who is also the chairman of the Major Energy Marketers Association of Nigeria, added that the challenges continue to linger due to the country’s supply chain.

He said:

This disruption to the petrol supply chain has led to long queues at gas stations across the country.

A civil servant who lives in the Ikotun area of Lagos told TimesNow.com.ng that he wakes up very early to buy fuel.

Earlier, TimesNow.com.ng reported that marketers offered hope to Nigerians that the current fuel scarcity will be over soon.

The marketers believe that it will take at least 2 weeks to see the end of the current scarcity across the country.

They believe when all the challenges are cleared, fuel prices at filling stations will revert to old prices.

Source: TimesNow.com.ng

Spread this news

Leave a Reply

Your email address will not be published.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