A Review of the Nigerian Energy Industry

Fuel queues resurface in Abuja

01 July 2015, Abuja – Fuel queues have resurfaced in filling stations across the Federal Capital Territory as a number of the stations have stopped dispensing the product.

Fuel queue
Fuel queue

It was not certain as of press time why some of the filling stations had stopped dispensing the product but there had been fears that the stance of the new government on petrol subsidy had been unclear thereby instilling fear in the marketers.

But the Nigerian National Petroleum Corporation in response to the development said there was enough supply of the product.

In a statement issued by Group General Manager, Public Affairs Division, NNPC, Mr. Ohi Alegbe, the corporation cautioned members of the public against panic buying of petrol.

Alegbe said the NNPC had stepped up efforts to maintain stability in the supply and distribution of petroleum products nationwide.

He said there was enough stock of petrol to service the country for 25 days at a national consumption rate of 40 million litres per day even as the corporation had stepped up product distribution to petroleum marketers and NNPC retail outlets across the country.

While calling on members of the public to refrain from panic buying, the NNPC said it had sufficient stock of petrol at its coastal depots in Port Harcourt, Warri and Calabar, besides the stock in the national strategic reserves.

– Punch

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