Lingering fuel scarcity disrupts yuletide

The lingering fuel scarcity across the country is making the approaching Yuletide and New Year celebrations sour for many travellers, as the fares on land, air and sea transportation have soared beyond their estimation.

Two weeks after the Ministry of Petroleum Resources and state-owned oil company, Nigerian National Petroleum Corporation (NNPC) vowed to find a lasting solution to the problem of fuel crisis in the country, the challenge has gone from bad to worse, making the celebration bleak for most Christians.

Major associations in the value chain, especially Major Oil Marketers Association of Nigeria (MOMAN), Independent Petroleum Marketers Association of Nigeria (IPMAN) and Depot and Petroleum Products Marketers Association (DPPMA) told The Guardian in separate telephone conversations that their members do not have adequate supply of the product.

While government partly deregulated the value chain, experts have accused the NNPC of monopoly by remaining the sole importer of refined petrol and frustrating private importers out of the business.
The Guardian, DECEMBER 23, 2017

 

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