Nigerian oil dealers have revealed that the fuel scarcity currently faced by Nigerians will soon come to an end, News About Nigeria reports.
Chief Ukadike Chinedu, the National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, disclosed this on Saturday, noting that cargoes carrying PMS, as ordered by the NNPCL, have been brought in and are currently being discharged.
According to him, this action was taken in response to claims by oil marketers that the fuel scarcity in the Federal Capital and its environs was due to the low supply of PMS by the NNPCL.
He clarified that the scarcity was a result of a price war.
Furthermore, he reassured marketers, promising not only an end to fuel scarcity but also a reduction in the price of fuel. He maintained that the price of petrol would be reduced at fueling stations operated by independent marketers this week, thanks to increased importation of PMS by the Nigerian National Petroleum Company Limited.
He added that as soon as the products start reaching fueling stations nationwide, the price of fuel will decrease. He explained that the recent hike in the cost of fuel was due to a drop in its supply.
He also mentioned that fuel is currently being sold at N580 and N613 per litre at fueling stations operated by NNPCL and N670 per litre for independent marketers. However, he assured that starting from Monday, as soon as they begin receiving products from Port Harcourt and Warri, the prices will decrease.
