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Tag: fuel supply

  • Major oil marketers give update on fuel supply

    Major oil marketers give update on fuel supply

    The Major Energies Marketers Association of Nigeria (MEMAN) says the distribution of petroleum motor spirit, commonly known as petrol, has begun from depots to filling stations in Lagos and other states.

    Mr Clement Isong, speaking to NAN in Lagos, said this amid the ongoing fuel scarcity in the Lagos metropolis.

    Isong said that depots were already receiving petrol supplies from the Nigerian National Petroleum Company Trading Ltd., and would continue to do so throughout the weekend.

    He emphasised the importance of addressing these issues promptly and transparently to provide clarity to the public.

    Isong acknowledged the low stock during the Easter period for some MEMAN members, resulting from inadequate replenishment at depots.

    This, he noted, caused outages in retail outlets during the past week.

    Isong assured the public that supplies had resumed, with MEMAN members working diligently to expedite the distribution process.

    According to him, this include extending hours and weekends at depots, to ensure adequate stocking of retail outlets.

    “There was low stock over the Easter weekend for some MEMAN members resulting from truckout to supply stations without replenishment at our depots.

    “This has led to outages in some retail outlets during the past week. Moving forward, we want to assure the public that supplies have resumed and all MEMAN members are collaborating closely to expedite the distribution process.

    “Members are working tirelessly at our depots, including extended hours and weekends, to ensure that retail outlets are adequately stocked.

    “Our collective goal is to eliminate fuel queues and stabilise the supply chain before the upcoming Sallah holidays next week,” he assured.

    However, a correspondent, who monitored the situation, reports a resurgence of fuel queues in Lagos as supply diminishes.

    Motorists across filling stations in various parts of the state, including Ikorodu Road, Bridge, Anthony, Mayland, Oyingbo, Ogba, Ikeja, Alausa, Oba Akran, Surulere, and Victoria Island, experienced long queues of vehicles.

    At the Total Filling Station on Mobalaji Bank Anthony in Ikeja, fuel queues stretched for several kilometers, leading to traffic congestion.

    On the bustling Ikorodu Road, the presence of fuel racketeers selling in jerrycans indicated a shortage in supply.

    The majority of NNPC filling stations with petrol also had long queues of vehicles, attributed to its lower retail price compared to others.

    NNPC retail stations sell at N568 per litre, while other major and independent marketers sell at over N600 per litre.

    Moreover, independent filling stations, with a larger share of outlets, have been out of stock for several months.

    A marketer who preferred anonymity said that there had been a shortage in supply from the importers of the last resort.

    The marketer said that the scarcity was also caused by the delay in the outstanding payment by NNPC Trading Ltd. to international traders.

  • IPMAN threatens to shut down filling stations, cut fuel supply nationwide from Tuesday

    IPMAN threatens to shut down filling stations, cut fuel supply nationwide from Tuesday

    The Independent Petroleum Marketers Association of Nigeria (IPMAN) has stated plans are underway by its members to shut down all filling stations across the country.

    IPMAN warned it might also cut down supplies from Tuesday should the Federal Government and Inspector General of Police fail to address alleged illegalities perpetrated by the Police Force.

    National Public Relation Officer, (PRO) of IPMAN, Yakubu Suleiman, said these on Sunday in a chat with reporters in Jos.

    Some police officers last Friday were alleged to have invaded IPMAN National Secretariat for some unstated reasons.

    Suleiman described the invasion as an illegal clampdown over alleged sponsorship by some impostors parading themselves as executives of IPMAN.

    He said aggrieved members and officials at State, zonal and depot levels have met and resolved to shut down filling stations over the incident.

    “Whereas there is subsisting Supreme Court judgement of December 2018, that have since disposed off a suit No. SC15/2015, and ordered that Mr Chinedu Okoronkwo, is our President and Alhaji Danladi Garba Pasali, as National secretary.

    “The continued violation of this judgement, even by the police is causing more harm to the downstream sector of the petroleum industry, which if such is not halted will lead to impunity and anarchy,” he said.

    He frowned at the police siege on their Secretariat, adding similar incident led to the closure of Suleja depot last week.

    He claimed the Suleja incident would have truncated supplies to Abuja and Northern States if not for the National Secretariat intervention.

    “It is true that members of IPMAN in many States across sections of Nigeria, have met and others are meeting and communicating to us that they will shut down, from Tuesday.

    “The implications would be there will be a shortage or fuel scarcity in the country,” he said.

    The IPMAN PRO called on the Chief Justice of the Federation, the Federal Ministry of Petroleum Resources, NNPC, the National Assembly and Inspector General of Police to act in protection of laid down rules of law.

    “We are calling on all arms of government including the security agencies to take the necessary action, towards halting impunity in the downstream sector of the petroleum industry,” he said.

  • Easter: NNPC reassures Nigerians of adequate fuel supply

    The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, on Friday said that the corporation is now accountable for 75 per cent of gas supply to power in the country.

    The volume is about 300 million standard cubic feet per day.

    He reaffirmed the readiness of the NNPC to ensure adequate supply of petroleum products in all the nook and cranny of the country during the Easter holidays and beyond.

    Baru who gave this commitment during the conferment on him of the “Distinguished Merit Award’’ by the Association of Business Managers and Administrators of Nigeria in Abuja, said the corporation currently had 1.7 billion litres of petrol in stock equivalent to 35 days sufficiency without adding a drop.

    He said plans were afoot to increase it to 2.4 billion litres by the end of the month.

    A release by the NNPC Group General Manager, Group Public Affairs, Mr. Ndu Ughamadu, stated the corporation’s helmsman informed that currently NNPC was responsible for 75 per cent of gas supply to power in the country to the tune of over 300 million standard cubic feet (Scf) of gas per day.

    The excited NNPC GMD dedicated the award to President Muhammadu Buhari for his support for the oil and gas Industry.

  • Buhari lists regular power, fuel supply, anti-corruption fight… as achievements of APC-led govt

    President Muhammadu Buhari on Tuesday enumerated improvement in power and fuel supply; war against corruption as some of the laudable achievements recorded by his administration in two years.

    Buhari who made the disclosure while delivering his speech to the National Executive Committee meeting of the APC which held today, in Abuja said he is proud of the achievements he has recorded in the last two years.

    “We can be proud of our achievements in the last two years, Boko Haram, Niger Delta, Regular Fuel, Improved Power, TSA, Agriculture and Fertilizer, above all, the knowledge that corruption will not be tolerated in this Government. We all know there is CHANGE.

    Read his statement in full, “Let me on a personal note thank you all for your prayers and good wishes, which the Almighty Allah answered in the restoration of my health. I wish to thank you all Party leaders for helping to keep the government running smoothly during my prolonged absence.

    “I would like to start by commending our Party Leadership chaired by His Excellency, Chief John Oyegun. The Chairman and I worked harmoniously during 1984-85 in a previous government. Happily, circumstances have brought us again to positions of leadership in the country.

    “I want to thank Chief Oyegun and his staff for steering the party in the last two and a half years. Sometimes it is easier to manage failure than to manage success – and a big success such as that we have achieved.

    “I must also commend the leadership of the National Assembly led by Senate President His Excellency, Dr. Abubakar Bukola Saraki and Rt. Hon. Speaker Mr. Yakubu Dogara. I must place on record the cooperation and understanding of the National Assembly including some non-APC members who rose above petty party interests and acted in the national interest.

    “My deep thanks also go to our State Governors who faced stiff challenges, especially their determination to maintain unity and tolerance among our communities. This is in the face of unnecessary politically motivated strife and violence. Credit should go to APC Governors for extending their hand of fellowship to their colleagues from other parties.

    “In my remarks to the Caucus meeting yesterday, I enumerated the progress that our government has made in the implementation of the programs of government and the Party Manifesto.

    “We can be proud of our achievements in the last two years, Boko Haram, Niger Delta, Regular Fuel, Improved Power, TSA, Agriculture and Fertilizer, above all, the knowledge that corruption will not be tolerated in this Government. We all know there is CHANGE.

    “Nigeria’s prestige has gone up, Nigeria is now credit –worthy, a clear testimony of which was the over-subscription of the Euro-Bond by 4 times. Nevertheless, we are not resting on our achievements. I am quite aware of the challenges before us.

    “Last year, I said we would re-constitute the Boards of Parastatals. I must regret the fact that we have not done so, for many reasons.

    “Some of us in this meeting may know I had given instructions since October 2015 for this exercise to start. But there have been inordinate delays through several Committees in an attempt to get the balance right and to make sure all parts of the country are equitably represented.

    “On the other hand, I am keenly aware that our supporters are very eager for these appointments to be announced. By the Grace of God these appointments will be announced soon. Especially now that the economy is improving, we will have the resources to cater for the appointees.

    “By the same token, the compressed Federal Executive Council will be expanded to bring in more supporters at Federal Level, with fresh ideas to be injected into the government.

    “Let me thank you all again for the commitment and dedicated service to our Party and to remind you that much more will be required of you in the coming months. I hope we can continue to depend on you. If we keep united and rise above petty or personal quarrels, we will surely achieve the desired CHANGE in the country.”