ABUJA: SCARCITY OF FUEL LEADS TO SHUTTING DOWN OF DIFFERENT STATIONS IN THE F.C.T

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Abuja fueling stations shut down due to fuel scarcity issues


The development, which followed the meeting of marketers with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), black marketers, who are retailing the products in kegs, also returned to sell for N1,000 per litre.

Prices have also gone up at the pump, as most independent retailers were selling at N625 per litre, while NNPCL was dispensing at N613.

This came weeks after President Bola Tinubu said there would no longer be increase in pump price of petrol, despite the deregulation of the downstream market, adding that the present petrol price would remain. 

National Association of Road Transport Owners (NARTO), Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Marketers Association of Nigeria (DAPPMAN) and other stakeholders had raised concerns over the turnout of the deregulation of the downstream sector, insisting that there was need for the Federal Government to make dollar available at a subsidized rate.

The marketers were worried over the rate at which businesses in the sector were going under. They admitted that the current pump price of PMS does not reflect market realities, adding that the NNPCL maintained a dominant role due to availability of foreign exchange, which marketers are unable to access at the Importers and Exporters (I&E) window.

The marketers had also asked the government to end dollarisation of local activities, especially by the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Ports Authority (NPA).

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