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Marketers To Converge On Monday Over Fuel Scarcity

POSTED ON May 5, 2024 •   Business      BY Benedicta Bassey
Fuel Scarcity queue in Lagos state/Photo Credit: Punchng.com

Marketers under the aegis of the Independent Petroleum Marketers Association of Nigeria have said their National Executive Council would be meeting officially on Monday to address the issue of fuel scarcity

As fuel scarcity deepens across the country, the National President of IPMAN, Hammed Fashola, said that “Monday’s meeting became expedient following the prevalence of fuel scarcity.”

Fashola explained that NNPC, which is the sole importer of petroleum products in the country, opened up its reserves in all existing depots across the country in a bid to ease off the long queues at the fuel stations.

“We are meeting on Monday officially with other marketers. We are working closely with NNPC. The Monday meeting is for our National Executive Council. After the meeting, we will reach out to the NNPC. We talk with them every day,” he stated.

On the likely subject of the Monday meeting, he said, “It will be to assess the present situations. We evaluate what we have done so far. We will look at what is happening in the cities; assess the situations to know what to do again.”

“The meetings we have been having with the NNPC are in collaboration, which we have been doing. If you notice, yesterday (Friday), NNPC opened up their reserves in all the depots throughout the federation. And we are working with them to ensure that everywhere is wet so that this thing (scarcity) can disappear,” he added.

“The good news is that this is a new reality. And it is going to bring better solutions because when you have NNPCL doing what they have to do, and we also doing what we have to do, the result will be fantastic. If you go to Abuja today, you will see that the queues have eased off. In the South-South and South-East, those who have been selling products as high as N670, we are bringing them to the book,” he added.

 

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