Marketers predict six-month fuel scarcity, prices rise - Punch Newspapers

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Marketers predict six-month fuel scarcity, prices rise - Punch Newspapers
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The supply hitches associated with the distribution of Premium Motor Spirit, popularly called petrol, may persist till June this year, oil marketers stated on Wednesday.

Nigeria’s downstream oil sector has been grappling with cases of incessant petrol scarcity since last year.

“If you are a businessman, look at it from this perspective, that you are now in the business where you are mandated to sell at a loss to the public. That is not an easy job, I must tell you,” the minister stated. The National Public Relations Officer, Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, told our correspondent that fuel imports and subsidy were making Nigerians suffer.

He added, “Also, we should note that most times when an administration is leaving, there is usually scarcity of products. It happened during the time of former President Goodluck Jonathan.

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