The queues for petrol grew worse in some parts of the country on Sunday following the shutdown of many filling stations amid heightened expectations of an increase in the pump price of the product.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, had on February 9 said Nigerians should prepare for the pain associated with the increase in crude oil price.
The international oil price, Brent crude, rose by more than 14 per cent in February as it closed at $64.42 per barrel, up from $56.42 per barrel at the start of the month.
Motorists besieged the few outlets that were open for business in Abuja, Nasarawa, Niger and Borno states, while some others that had dispensed petrol the previous day were locked on Sunday.
Two weeks ago, queues of motorists were seen in many locations after oil marketers raised concerns about petrol pricing by depot owners and how this affected petroleum products supply.
The queues resurfaced on Saturday and Sunday, as only a few filling stations were dispensing petrol while others were shut.
Some attendants at some of the shut outlets mentioned that they were not selling petrol because the cost of the product would be increased from March.
Nipco and Gegu filling stations, along the Kubwa-Zuba Expressway, Abuja, had long queues of motorists on Sunday, while IBWAS filling station on the same road that had earlier dispensed products was shut.
Similarly, Major Oil filling station, along Airport Road, Abuja, which had steadily dispensed products up till Saturday, did not sell petrol on Sunday.
Shema Oil, close to Next Cash ‘N’ Carry in Abuja; NNPC outlet in Zuba, Niger State, and few other filling stations in Nyanya/Mararaba in Nasarawa State had queues.
The National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, said, “we have not been advised of any increase in petrol price. Many filling stations are not selling petrol perhaps because they have run out of stock or they are hoarding the product in anticipation of price increase.”
“The outcome of the meeting between the President and the governors is yet unknown. There will certainly be an increase in petrol price but we don’t know when this will happen,” he added.
In Maiduguri, the capital of Borno State, motorists and other users of petrol were hit by scarcity of petrol on Sunday as fuel stations were shut down.
Fuel stations located along major highways, including Kano Jos road, Shehu Laminu way and Baga road, were not dispensing petrol, while motorists queued for hours at the filling stations that were selling the product.
Many commuters were stranded at bus stops in Maiduguri as motorists struggled at filling stations to get petrol.
“They said there is no fuel but they sell to black marketers; they have refused to sell to us. I have been here since 6:45am because my experience yesterday (Saturday) was horrible as I couldn’t get fuel. I’ve been here for over four hours and I have not got the product,” a tricycle operator, Abubakar Shettima, told one of our correspondents.
The Coalition of Nigerian Civil Society Organisations for Petroleum and Energy Security called on the Federal Government to fully deregulate the downstream oil sector to address the concerns about petroleum products’ pricing.
The Convener of the CSOs coalition, Timothy Ademola, said, “let the forces of demand and supply be allowed to play out in the pricing of petroleum products. This is when we can say we have full deregulation."
The Managing Director, Realink Oil Nigeria Limited/National Public Relations Officer, IPMAN, Chief Ukadike Chinedu, had said in an interview with one of our correspondents last week that depot owners were hoarding products due to the concern of a possible hike in petrol price. AFP report.
He said the petrol price would definitely rise, going by the increase in global crude oil prices.
But the Petroleum Products Pricing Regulatory Agency was silent on whether there would be an increase in petrol price in March as expected by marketers.
PPPRA’s spokesperson, Kimchi Apollo, however stated that he had not received any directive in that regard.
It was reported last Tuesday that going by the petrol pricing template of the PPPRA, the landing cost of petrol rose to N186.33 per litre on February 16, with the pump price of the product expected to be N209.33 per litre.
Reviewed by Apeh Matthew
on
March 01, 2021
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