Petrol supply will soon stabilize across Nigeria - DAPPMA

macfranc007 January 04, 2018 Nigeria News today & Breaking news ▷ Read Nigerian newspapers 24/7 David Oladele

- The chairman of the DAPPMA Dapo Abiodun said four vessels discharged in Lagos state on Wednesday, January 3

- Abiodun has raised hope that petrol supply will soon stabilize across Nigeria

- He said the government and marketers discussed the issues and there is hope that they have been resolved

There are speculations on Wednesday, January 3, that the Nigeria National Petroleum Corporation (NNPC) will sell petroleum products directly to marketers.

The Nation reports that the middlemen in the chain are to be eliminated in one of the moves to combat fuel scarcity.

Minister of state for petroleum resources Emmanuel Ibe Kachikwu chaired a meeting of the committee of stakeholders took place at the Presidential Villa.

A source close to yesterday’s meeting said: ''We have already told them that it is only the NNPC that will be able to import the PMS. The marketers cannot import the PMS because of the cost of the crude oil.

''This has also caused the price of the PMS to increase. Thus, if the marketers import it at the rate at which they are selling it now, automatically they cannot sell it at N145 per litre.''

It was learnt that the minister raised a committee to look into the Premium Motor Spirit (PMS) scarcity that crippled transportation in the country in December last year.

The source said: ''The discussion was how to make the fuel available nationwide. They told us that instead of a triple arrangement, they will be giving independent marketers their products directly.

''This is to enable us get our product directly and sell at the pump price. This is instead of passing it through DAPPMA to IPMAN.''

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The chairman, Depot and Petroleum Products Marketers Association (DAPPMA), Dapo Abiodun raised hope that petrol supply will soon stabilize.

Abiodun said the government and marketers were talking and issues being resolved. He said four vessels laden with petrol were discharging at the Lagos port.

According to him, ''We are still in meeting but update on the ongoing supply situation will come as a surprise as it should not be the case as people think. There are four vessels discharging in Lagos as we speak.’’

Meanwhile, NAIJ.com had reported that Oil marketers agreed to sell petrol at the pump price of N145 per litre. That was in reverse of an earlier decision made that it was not economically viable for them to sell at the price.

The meeting of the ad hoc committee set up by the presidency to get the oil marketers to restart the importation of fuel, they agreed to sell N145 per litre.

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