Vanguard (Lagos)

Nigeria: Fuel Scarcity May Wane in Lagos Towards Yuletide

Photo: This Day
Petrol Pump

Lagos — THERE are indications that the current fuel scarcity bedeviling Lagos and the entire nation may wane just as oil marketers are expected to discharge reasonable quantities of Premium Motor Spirit, PMS, from their depots.

One of the marketers, Techno Oil, a major player in the downstream oil sector, is expected to discharge 60,000 metric tonnes of PMS or petrol, during the yuletide season.

This is expected to complement supplies from the Nigerian National Petrol Corporation, NNPC, within the same period.

The company which is currently discharging 10,000MT of petrol from its Kirikiri depot also confirmed that the nation's most strategic pipeline, System 2b, currently on shut-down, would be up and running well ahead of the yuletide.

The Executive Vice Chairman of Techno oil, Mrs. Nkechi Obi, disclosed to newsmen that PMS is currently available in their depot and would be made accessible to the public.

"We are currently discharging 10,000 metric tons of PMS from our allocation and between now and December we will have discharged 60,000MT," she said.

She, however, pleaded with the Federal Government to expedite payment of subsidy claims to companies that were indicted in the subsidy scam.

It was earlier reported that a total of 24 vessels, out of which 15 are laden with PMS, bearing a combined total of 483,343 metric tons (about 638 million litres) were awaiting berth at the ports.

Ads by Google

Copyright © 2012 Vanguard. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.

InFocus

Nigeria Wants Additional Budget For Subsidy Claims

Petrol Pump

The House of Representatives has approved the N161.6 billion supplementary fuel subsidy budget for the payment of arrears of fuel subsidy for 2012. Read more »