By Sebastine Obasi & Ediri Ejoh
NNPC
LAGOS—There are fears that impending fuel scarcity may mar Saturday’s Presidential and National elections as long queues have surfaced in filling stations in some parts of Lagos. This is as the Nigerian National Petroleum Corporation, NNPC, has called on members of the public to shun panic buying and stock-piling of petrol as there is enough stock of the product to keep the country wet for two months
Vanguard investigation shows that while the filling stations close to toll gate end of Lagos- Ibadan expressway were closed, some others like Oando, Acorn and Total at Oworonshoki area of Lagos had long queues of vehicles waiting to buy the product. Long queues were also seen at Oando, Ojodu Berger, as well as Total, Oshodi. It was learnt that motorists were engaged in panic buying in anticipation that the outcome of the election may be unpredictable.
Some of the filling stations at Cele bus-stop, of Oshodi-Apapa expressway, as well as those at Ajegunle, Festac and Badagry areas exploited the rush to sell between N95 and N100 per litre, as against the approved price of N87. Among filling stations with crowded motorist barricading to purchase this product include: Forte-oil, Total, in Igbobi, PM Petroleum Managers, at Cele bus-stop, Total at Oshodi, NNPC at Second Rainbow. .
Reacting to the situation, NNPC stated that it has put the current stock of premium motor spirit (petrol) in its depots across the country at 1.9 billion litres. It also appealed to tanker drivers who had stopped hauling fuel from depots in the coastal states to the Northern part of the country for fear of being caught in unfounded fears of post-election violence, to return to work as the Corporation is working closely with security agencies to provide maximum security for them.
The Corporation also cautioned marketers to desist from capitalizing on the situation to hoard and divert petroleum products thereby subjecting Nigerians to unnecessary hardship, adding that the Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has directed the Department of Petroleum Resources (DPR) and the Petroleum Products Pricing Regulatory Agency (PPPRA) to sanction any marketer found hoarding, diverting or selling products above regulated prices.
The Corporation urged members of the public to discountenance rumours or insinuations of petrol scarcity as all issues relating to the importation of fuel by marketers have been resolved, stressing that the Petroleum Pipelines and Marketing Company (PPMC) has released a huge volume of petrol into the market.