Nigerians has been urged by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to not engage in panic buying of petrol, saying it has enough in stock.
The Chief Executive Officer, NMDPRA, Mr Farouk Ahmed, confirmed this to the News Agency of Nigeria (NAN) in Lagos on Tuesday.
According to Ahmed, he had checked with the Major Oil Marketers Association of Nigeria (MOMAN) and Nigeria National Petroleum Company Ltd. (NNPC) on the level of fuel stock and confirmed that they had sufficient stock.
l spoke with the MOMAN’S Executive Secretary this morning and he told me they have sufficient stock.
I have directed them to start evacuating the product immediately to filling stations.
NNPC has also confirmed sufficiency and they have commenced evacuation.
From now till tomorrow the situation will be back to normal.
I don’t know what is happening but we are on top of the situation, he said.
He also assured Nigerians that there was enough fuel and, therefore, appealed to members of the public to avoid panic buying as all efforts were being made to resolve shortage in some filling stations in Lagos and its environs.
However, Mr Mike Osatuyi, the National Operations Controller of the Independent Petroleum Marketers Association of Nigeria (IPMAN), attributed the scarcity to unsteady supply in the past few days.
Osatuyi also told NAN that depots prices had risen from N165 to N177 and N178 per litre in Apapa and its environs as a result of the unsteady supply.
The marketers will only sell what they buy. If the price of petrol increases, we add our transportation cost and other charges to the selling price, he said.
He made an appeal to NNPC and NMDPRA to supply enough petrol across the country to ease scarcity.
According to NAN, queues are beginning to build in some filling stations in Maryland, Onipan, Ikoyi and Victoria Island.