According to IPMAN, the Independent Petroleum Marketers Association of Nigeria, it will take at least two weeks for the present fuel shortage, which is expanding to more states, to end.
The product isn’t available in the nation, according to Chinedu Ukadike, IPMAN’s public relations officer.
He claimed that because most refineries in Europe are undertaking turnaround maintenance, finding the product has grown somewhat difficult.
Ukadike further attributed the severe lack of supplies on import restrictions and the Nigerian Midstream and Downstream Petroleum Regulatory Authority’s (NMDPRA) sluggish license renewal process for marketers.
Out of 15,000 marketers, he said that just 1,050 got their licenses renewed by NMDPRA.
“The situation is that there is no product,” he stated. When there is insufficient or no supply, you will notice scarcity, and lines will form at gas stations.
“Logistics and vessel issues have been cited as the challenge by NNPCL, the exclusive provider of petroleum products in Nigeria.
While we are dependent on imports, any disruption in the global supply chain will affect home supply. Additionally, I’ve been informed via reliable sources that the majority of refineries in Europe are currently undergoing turnaround maintenance, which has made it more challenging to find petroleum goods.
“The CEO of NNPC Group has guaranteed us that the arrival of their vessels will result in an enhancement of the supply chain. After that is finished, things will resume as usual. This is due to the fact that it takes two to three months to recover the 30-day supply sufficiency once it is compromised.
“We anticipate that NNPC should be able to restore supply by next week or so, and that normalcy should return within another week.”
