Marketers blame NNPC for scarcity as 166.91m litres of petrol stuck in depots

About 166.91 million litres of petrol, are stuck in various depots in Lagos, a situation that gave rise to the resurgence of long queues at filling stations in Lagos metropolis and other parts of the country, Vanguard reports.

The Nigerian National Petroleum Corporation (NNPC), and its downstream subsidiary, Pipelines and Products Marketing Company (PPMC) are being blamed for the current petrol shortages because of a loading directive not exceeding 50 trucks daily given to the depots.

The blame comes as NNPC said it has stepped up collaboration with the Major Oil Marketers Association of Nigeria (MOMAN) and other downstream industry players to end the resurgence of fuel queues in some major cities across the country. It is however uncertain, how much benefit this effort will yield as out of the 59 depots operated by majors, independents and private owners in Lagos, 31 had the available stock quantity, but only 16 depots had “liftable” PMS, that is, had enough stock above the jet stock level or above minimum requirement levels.

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