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PENGASSAN Gives Reason For Fuel Scarcity In Nigeria

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The President of the Petroleum and Pure Gasoline Senior Workers Affiliation of Nigeria (PENGASSAN), Mr Festus Osifo, has given a purpose for the continued gasoline shortage throughout the nation, notably in Lagos and Abuja.

Talking throughout an interview on Channels Tv’s Dawn Each day, Osifo highlighted the difficulty of ‘bridging funds’ between the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and truck drivers who ship the Premium Motor Spirits (PMS).

Osifo stated, “The NMDPRA are those administering a bridging fund. At a specific time, they agreed with truck drivers that the bridging fund goes to be about N10 per litre relying on the vacation spot you will all around the nation.

“As at once they agreed, the price of diesel was about N250, so it was trendy and the N10 was a bit okay, however at this time, the price of diesel is over N700. It has tripled. So, the expectation from the tanker drivers is that because the value has gone up, as a substitute of paying me N10.40kobo because the case could also be, you’ve to multiply it by three.

“At the end of the day, that’s the first problem.”

“As of today, we’ve close to 2 billion litres of PMS, so the problem is not the stock,” Osifo stated, explaining that whereas the inventory is obtainable, a lot of the truck drivers aren’t prepared to maneuver these merchandise “because of the previous problem I just enumerated”.

“One of many points once more is that at this time, NNPC is the only real importer of PMS, in order that they import PMS into the nation, and this PMS is delivered to the excessive sea, in order that they hire some smaller vessels to bunker the PMS and take to the assorted tank farms or depots. So, if it’s the NNPC depots and also you’re loading from the NNPC depots, you’re going to pay about N148 because the ex-depot worth. However a few of the PMS are additionally saved in personal depots and people personal depots don’t promote to the retailers for 148; they add some premium to it, on the finish the of the day, they promote between 152, 155, 160 and 162.

“So, if they sell at that amount, it’ll now be difficult for the retailer to go and sell at the same amount.”

In the meantime, the Impartial Petroleum Entrepreneurs Affiliation of Nigeria (IPMAN) has said that the working setting has turn into hostile to their companies, blaming it on gasoline shortage in Lagos and different components of the nation.

The Lagos Zonal Chairman of IPMAN, Akin Akinrinade, famous that it’s now not possible to promote petrol in Nigeria on the beneficial worth of N165 to a litre, including that the touchdown value of petrol was between N175 to N178 to the litre.





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