Categories
News

Fuel Scarcity Worsens Despite PENGASSAN Strike Suspension

Fuel scarcity has continued to paralyse economic and social activities in Sokoto metropolis despite the suspension of the three-day strike embarked upon by the Petroleum and Natural Gas Senior Staff Association of Nigeria.

The PUNCH, which monitored the situation across the city on Friday and Saturday, observed that most filling stations remained under lock and key, while the few dispensing fuel sold at inflated prices ranging between ₦960 and ₦970 per litre.

Even the NNPC retail outlets, numbering about seven within the metropolis, were not selling fuel, further compounding the hardship of motorists and residents.

At the black market, fuel now sells for as high as ₦1,250 per litre, or ₦6,000 for a four-litre gallon, as desperate motorists resort to roadside vendors to keep their vehicles running.

One of the motorists, Mallam Abba Umar, condemned the attitude of petrol marketers in the state, accusing them of deliberately hoarding the product to exploit residents.

“Most petrol marketers in Sokoto are very devilish and wicked. They have fuel but refuse to sell it during the day. They only open at night to sell between ₦960 and ₦970 per litre.

“This is unfair. The state government should intervene to save us from this hardship,” Umar lamented.

Another motorist, Mrs. Rukayyat Bello, who had been on queue since morning at a filling station along Gusau Road, decried the situation, saying it has made daily life unbearable.

“Transport fares have doubled, and everything in the market is going up because of this scarcity. It’s becoming too difficult for ordinary people to survive,” she said.

Recall that the current scarcity began shortly after the Nigeria Union of Petroleum and Natural Gas Workers threatened to embark on an industrial action over unresolved issues with the Federal Government.

Although the strike was later averted, PENGASSAN eventually proceeded on a three-day strike, which disrupted fuel distribution nationwide.

Despite the suspension of the strike, normal supply is yet to resume in many parts of Sokoto.

Investigations revealed that several marketers now prefer to sell fuel secretly to black market operators, who resell at exorbitant rates, thereby making higher profits at the expense of the public.

The PUNCH reports that major roads in Sokoto remain deserted as many motorists have parked their vehicles due to a lack of fuel, while residents continue to call on the state government and relevant federal agencies to take urgent action to restore normal supply.

Categories
News

Subsidy Removal: Daily Fuel Consumption Drops From 66m To 40m

Vanguard reports that the daily consumption of petrol by Nigerians has reduced from 65 million to 40 million following the removal of fuel subsidy as announced by President Bola Tinubu on May 29, 2023.

This was revealed by Abia State Governor, Alex Otti, after the inauguration of the National Economic Council (NEC) on Thursday, chaired by Vice President Kashim Shettima at the Council Chamber, Presidential Villa, Abuja.

Earlier, Tinubu addressed the NEC saying he would accept collaboration in governance to address the economy and improve the welfare of the Nigerian people, adding that he would not be an excuse for failure.

Bala Mohammed, the governor of Bauchi State said the government deliberated and looked at all the issues on subsidy removal, the challenges and problems holistically and set up a small committee of the council to review and come up with a term of reference that will help to alleviate the problem of workers and other vulnerable groups.

According to him, the committee is composed of Governors of Kebbi state, as Chairman, Anambra representing the South East geopolitical zone. Benue North Central, Kaduna Northwest, Bauchi, representing the northeast, Cross River, South-South and Oyo state Southwest.

Speaking after the meeting, Otti said, “As part of the inaugural national economic council meeting today, the major focus was on the removal of petroleum subsidy and implied the removal of subsidy on foreign exchange, which has led to some convergence of some sort.

“The impact of these two actions definitely is increased prices. And as a way to solve the problem and reduce the shock, a presentation was made by the National Automotive Design and Development Council on the great things that are happening in the automotive industry.

“It was that about six states in the country, including Lagos, Ogun, Anambra, Enugu, Akwa Ibom, Kaduna and Kano that have benefited from domestic production of vehicles or assembling of vehicles by Nigerian companies operating in Nigeria. And these companies include INNOSON, Maikano, Dangote Peugeot, Peugeot Automobile of Nigeria, Stallion Hyundai, Honda, Elizade/Toyota, Coscharis and Ford, Kojo Motors, Jet Systems motors.”

While he said Tinubu’s administration should be commended for its efforts to remove subsidy and still help create palliatives, Otti disclosed that the consumption of fuel has reduced in the country.

“But we must salute the courage of the current government to bite the bullet and remove it. Initially, it had reduced the consumption from about 66, 67 million litres a day to just about 40 million. And as time goes on, the consumption will continue to go down.

“We know there are implications, particularly for the poorest of the poor. And that is why this government is seriously looking at palliatives to at least deal with the shock that the poor of our society goes through,“ Otti said.

Categories
News

Petrol marketers promises that fuel will be available at low prices in 14 days.

The Independent Petroleum Marketers Association of Nigeria has made a significant promise that petrol will be available and reasonably priced within 14 days.

This was disclosed by the IPMAN National Operations Controller, Mike Osatuyi, during an interview on Arise TV’s Morning Show on Wednesday, Febuary, 1 2023.

According to him, there would be the availability of fuel in two weeks’ time and all stakeholders have agreed to sell fuel at affordable prices to reduce the burden on Nigerians.

SUGGESTION: You can get News updates directly on WhatsApp by clicking “HERE” and joining our group.

He said the Nigerian National Petroleum Company Limited and all other stakeholders across the downstream petroleum value chain met on Tuesday in their bid to end the crisis.

“Yesterday, there was a meeting in Abuja and the president of IPMAN was there and he gave me feedback on the meeting. So, I can say the NNPC is ready to find a solution to the crisis. They’ve now agreed that they will open more depots for IPMAN to be loading products through their platform at official price and this is what we have been clamouring for for years.

“From what I gathered now, they are given 14 days to clean up the mess. By the next two weeks, we should be able to buy at a very reasonable price. We must all work in the interest of Nigerians and let Nigerians benefit from this subsidy,” he said.

On the issue of smuggling, which the Nigerian Midstream and Downstream Petroleum Regulatory Authority had earlier said was a major cause of the fuel crisis, Osatuyi said all hands must be on deck to put an end to it.

He said the Nigeria Union of Petroleum and Natural Gas Workers must direct its members not to transport fuel trucks to neighbouring countries.

“When it comes to all the challenges causing the fuel crisis, you can’t rule out the bad eggs across all strata of the system. But at the same time, it takes everyone to say drop this nonsense and let us be born again,” Osatuyi added.