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02

Oil Marketers: We Can Only Supply Available Fuel Amidst Scarcity

by News Reporter
August 20, 2024
in Business
103 2
1
oil marketers

Fuel station crowded

Petroleum oil marketers in Nigeria have blamed the ongoing fuel scarcity on persistent logistics challenges.

In an interview on Channels Television, Billy Gillis-Harry, the President of the Petroleum Products Retail Outlets Owners Association (PETROAN), explained that supply constraints were hampering distribution efforts.

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“I think until we get our supply challenges sorted out efficiently and abundantly, we will not be able to get out of this circle. The NNPC’s communications director mentioned that the issues at stake are still logistics-related. So until they resolve that, we may just be managing the little they bring and distribute among our members. NNPCL is doing its best to bring in products bit by bit, and we can only supply what we have,” he stated.

Regarding the specifics of the logistics challenges, Gillis-Harry highlighted that the main issue is ship-to-ship transfer. “Until the ship gets products, it cannot deliver to any of the depots. And until depots have products, we, the retailers, cannot access products,” he explained.

He added that marketers were in ongoing discussions with NNPCL to address these supply issues. “We have been speaking with NNPCL. We encourage them to do more, and I can assure you that they are trying their best,” he said.

Nigerians have been experiencing fuel scarcity in recent times, which began in Lagos in late July and has now spread across many states. This has led to some fuel stations/Oil Marketers selling petrol for as high as N1050 per liter.

 

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