Friday 22 April 2016

Fuel scarcity: Depots dry up!

There are uncertainties about the availability of petrol, as most depots are without stock, while marketers have reportedly not been importing due to scarcity of foreign exchange.


According to a major marketer, who chose to remain anonymous, “we cannot be talking about stock level because there is no stock at all. No depot has up to 5,000 metric tonnes of petrol, which is about 200 trucks. Once there is supply, it is distributed immediately.” 
This was corroborated by sources at Department of Petroleum Resources, DPR, who told Vanguard that the nation cannot boast of any stock level now, as products are sent to states the moment they are imported. However, Nigerian National Petroleum Corporation, NNPC, yesterday, stated that 1,120 truckloads, comprising 36.957 million litres of Premium Motor Spirit, PMS (petrol) had been distributed across the country.


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