Fuel queues return to Lagos over hike in petrol price

Fuel scarcity

By Adewale Sanyaolu

After four months of uninterrupted petroleum products supply, fuel queues yesterday returned to major parts of Lagos.

This was even as the Independent Petroleum Marketers Association of Nigeria (IPMAN) blamed the development on a price hike regime by private depots operators.

The queues which were first noticed by our correspondent late Monday evening had worsened by Tuesday morning as majority of the filling stations had long queues of vehicles.

As at 1pm yesterday, some of the filling stations that sold the product in the early hours of the morning had shut down operations, claiming they were out of stock.

In the New Oko-Oba of Abule-Egba, Total filling station was observed dispensing fuel in the early hours of yesterday but motorists, especially those who bought into jerrycans had to part with an additional N1,000.

The situation was the same for filling stations in Ogba and Ikeja axis with majority of them not in operation.

A marketer at the Apapa Depot, Mr. Akeem Ambali, told Daily Sun that the petrol shortages at the depot was first observed last Wednesday but worsened at the weekend.

He said there has been a drop in supply from the Nigerian National Petroleum Company Limited (NNPCL) which is the importer of last resort.

Speaking on the current  development, Chairman, IPMAN Western Zone, Alhaji Dele Tajudeen, while condemning the increase, said that there had been hike in the ex-depot price of petrol from N148.17 per litre to N178 per litre since last week.

According to him, none of the NNPC depots have product but the private depots took advantage of the situation  to hike the price.

“The only option for our members is to opt for private depots to keep our business moving.We are totally against the increase because it will affect our profit margins and also hurt masses.

“Some private depots who have product, deliberately refuse to sell for reasons best known to them,” he said.

The IPMAN chairman said that the marketers should not be blamed for the increase in pump price, adding that “selling at N170 per litre is not realistic”.

“Therefore, our members have no other option than to sell between N195 and N200 per litre within Lagos, Ogun and Oyo states, while we will sell between N200 and N210 in Kwara, Ondo, Osun and Ekiti states.

“Most of the tank farm owners have justified this increase because of different charges, among which is  vessels charges paid in Dollars.

We are equally calling on the NNPC and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to investigate the arbitrary increase in fuel price by the private depot owners.

Breaking news & top stories

Stay connected with The Sun Newspaper

Get breaking news, exclusive stories, and live updates delivered straight to your phone. Join thousands of readers already following us on Whatsapp Channel and Telegram.

Breaking news & top stories

Follow The Sun Newspaper

Get live updates & exclusive stories delivered straight to your phone.