High Cost of Vessels, Inadequate Trucks Responsible for Fuel Scarcity, Say Marketers Peter Uzoho The Major Oil Marketers Association of Nigeria (MOMAN) has attributed the lingering fuel scarcity in the country to high costs of vesse
The Major Oil Marketers Association of Nigeria has attributed the lingering fuel scarcity in the country to high costs of vessels and inadequate trucks to deliver petroleum products from depots to filling stations across Nigeria.
“The major cause is the shortage and high costs of daughter’s vessels for ferrying product from mother vessels to depots along the coast,” it said. Over the past three months, it said its staff members have worked diligently at depots and filling stations to relieve the stress faced by Nigerians through the Christmas and New year periods.
“A final resolution to these challenges will be the full deregulation of the petroleum downstream sector to encourage liberalisation of supply and long-term investments in distribution assets. We urge the government to work towards this end goal,” it said.
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