The scarcity of Premium Motor Spirit, popularly known as petrol, is mainly because of its hoarding and diversion by oil marketers who are pushing for an increase in the price of the commodity, the Petroleum and Natural Gas Senior Staff Association of Nigeria has said.
It specifically stated that dealers under the aegis of the Major Oil Marketers Association of Nigeria, Depot and Petroleum Products Marketers Association, as well as the Independent Petroleum Marketers Association of Nigeria were all involved in the hoarding and diversion of the product, a development that further worsened the scarcity of the product across the country on Friday.
In an exclusive interview with one of our correspondents in Abuja, the National President, PENGASSAN, Francis Johnson, stated that it was wrong to attribute the scarcity being witnessed in most parts of the country to the recent threat by the association to embark on a strike.
He argued that petrol scarcity was mainly because of the push by oil marketers for an increase in the pump price of the commodity, but stressed that the association would not support such a move.
Punch, December 23, 2017
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