Fuel Scarcity Over, As Lifting Of Petroleum Products Begins Nationwide

The bottleneck of the scarcity of Premium Motor Spirit (PMS), otherwise called Petrol, which has plagued citizens of the country for over a week now appears to be finally over.

This reprieve sterns from the resolution of stakeholders in the petroleum sector to mobilise their members for the immediate distribution of fuel across the country.

The resolution was reached on Monday May 25, 2015 at a public hearing organised by the (Upstream and Downstream).

According to The Punch, Senator Magnus Abe, disclosed the latest development having read a communique duly signed by the stakeholders after the session.

In the communique, Senator Abe explained that the Finance Minister / Coordinating Minister for the Economy, Dr. Ngozi Okonjo-Iweala, and other stakeholders who attended the meeting, unanimously agreed to the peace deal, in the interest of the nation.

He also explained that following the intervention of the Group Managing Director of the Nigerian National Petroleum Corporation, the strike embarked upon by the National Union of Petroleum and Natural Gas Workers and the Petroleum and Energy Gas Senior Staff Association of , had been called off.

He said, “We have agreed on the following: first is that the Minister of Finance will give an undertaking to the Major Marketers and Depot Managers that the work of the committee being headed by CBN and PPPR, on the outstanding claims, would be concluded and be reflected in the hand over notes to the incoming administration.”

He said the Major Oil Marketers Association of Nigeria had agreed to begin lifting of Petroleum products nationwide within the next six hours and to also pay the National Association of Road Transport Owners, the transport cost that will be determined by them.

He also added that the Depot Managers had agreed to open all their depots nationwide so that lifting would commence and had agreed with the DPR to withdraw the operational licence of any depot which was not opened for .

Abe said the NNPC had directed all relevant staff working in the various depots across the country to work 24 hours including Saturday and Sunday for the next two weeks until normalcy returns to the sector.

He also explained that the committee would reach out to the on the agreement reached and the need for their contribution towards ensuring smooth lifting of fuel at all the depots.

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