Oil marketers list conditions to end fuel scarcity

Fuel marketers under the auspices of the Major Oil Marketers Association of Nigeria (MOMAN) have listed five challenges that must be addressed by the Federal Government if it’s determined to end fuel scarcity in Nigeria.

According to the group, part of permanent measures to curb fuel scarcity, marketers should also be allowed free and fair play in the importation of products.

The marketers listed distribution challenges created by the unavailability and continuous surge in international prices of Automotive Gas Oil (diesel); Foreign exchange (forex) scarcity; Rising inflation; Excess and multiple import charges and taxes by the Customs and relevant government agencies.

Chairman of the Association, Olumide Adeosun, said, “Oil marketers have consistently complained about their inability to import products due to forex scarcity, rising inflation, including excess and multiple import charges and taxes by the Customs and relevant government agencies.

“The current scarcity of petrol was occasioned by supply inadequacy in the last few weeks as well as distribution challenges created by the unavailability and continuous surge in international prices of diesel. In the interim, MOMAN recommends that the current single supplier strategy be reviewed.

“MOMAN, as an Association, fears that the current supply framework cannot guarantee steady and consistent supplies to the country given the current state of government finances and unpredictable international supply shortages. We, therefore, recommend a gradual price deregulation with targeted palliatives to the public to ease implementation.”

Fuel scarcity returned to some parts of the country as long queues resurfaced in many filling stations that have fuel while many others were shut for lack of the product.

It would be called that the lingering fuel scarcity has worsened across Lagos, Ogun States, as filling stations now sell Premium Motor Spirit (PMS), popularly known as petrol, at N185 per litre or more.