x

11 Months After Subsidy Removal: Nigerians Still Grapple with Fuel Scarcity, Long Queues

Almost a year after the federal government eliminated fuel subsidy and deregulated the market, Nigerians are still facing the daunting challenges of fuel scarcity and interminable queues at petrol stations nationwide.

Despite assurances from the Nigerian National Petroleum Company Limited (NNPCL) about regular supply, oil marketers continue to exchange blame for the persistent fuel scarcity, with queues extending in major cities across the country.

The removal of fuel subsidy by President Bola Tinubu on May 29, 2023, during his inauguration, led to a sharp increase in petrol prices nationwide. The intention behind the subsidy removal was to liberalize petrol imports to the private sector, as mandated by the Petroleum Industry Act 2021, thereby breaking the NNPCL’s monopoly on petrol importation.

However, due to challenges in obtaining foreign currency for importation, private oil firms have struggled to participate effectively in petrol importation, leaving the NNPCL as the sole importer of petrol in Nigeria once again.

Despite earlier claims by the NNPCL that it was no longer the exclusive supplier of petroleum products in the country, forex shortages have compelled the company to retain its monopoly on fuel importation, citing oil marketers’ inability to cope with price fluctuations in the downstream sector.

The recent emergence of fuel queues in Lagos and Abuja, among other cities, underscores the prevailing scarcity. While some independent petrol stations have run dry, others are selling petrol at exorbitant prices, exacerbating the plight of motorists and commuters.

The NNPCL has reassured Nigerians of regular fuel supply and urged them to refrain from panic buying. Nonetheless, complaints from independent marketers about irregular supply persist, indicating underlying challenges in the distribution network.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) attributes the fuel scarcity to logistical hurdles affecting petroleum product supply nationwide. IPMAN leadership has engaged with the NNPCL, receiving assurances of adequate petrol supply in the near term.

In Abuja, the scarcity has triggered long queues at filling stations, leading to increased transport fares and inconveniences for commuters. Similar scenes are witnessed in other major cities, including Kaduna, Maiduguri, and Kano, where fuel stations either remain shut or sell petrol at inflated prices.

While the NNPCL has addressed specific supply issues in Lagos, challenges persist in other regions, contributing to the protracted fuel scarcity across the country. Motorists and residents continue to grapple with the adverse effects of the ongoing crisis, calling for urgent interventions to alleviate their plight.

Hot this week

ASUU Issues 14-Day Ultimatum to FG Over Unmet Demands, Threatens Strike

The Academic Staff Union of Universities (ASUU) has given...

NYSC Members in Delta Urged to Drive Sustainable Development, Innovative Solutions

By Anne Azuka Delta State Governor Sheriff Oborevwori has charged...

DTO Declares for CRUGAA Presidency: “Rebuild the House”

The Crawford University Global Alumni Association (CRUGAA) is preparing...

PIA Amendments: Group Vows Nationwide Protest Against FG’s Attempt to Sell Critical Assets

The National Rebirth Movement (NRM) has vowed to mobilise...

PENGASSAN Strike Grounds NNPC, NUPRC, NMDPRA, Disrupts Oil and Gas Operations

The Petroleum and Natural Gas Senior Staff Association of...

Security: Wike Lights Up Abuja Districts, Flags – Off integrated Solar Lighting Project

By Joyce Remi-Babayeju The FCT Minister, Barr. Nyesom Wike, on...

Gov Sule Flags Off Bursary Disbursement, Reiterates Commitment to Education

By Abel Leonard, Lafia Governor Abdullahi Sule of Nasarawa State...

North-Central APC Forum Urges Tinubu, NASS to Reject Calls for State Police

By Israel Adamu, Jos The North-Central All Progressives Congress (APC)...

Africa’s infrastructure deficit takes spotlight at pre-G20 event

..Two-day side event in Johannesburg seeks to mobilize global...

Bandits Kill Businessman in Kogi, Kidnap Bus Passengers in Yagba

Ny Noah Ocheni, Lokoja Suspected bandits have killed a prominent...

Related Articles

Popular Categories

spot_imgspot_img