There are strong indications that scarcity of petrol which has been perennial al over the country for about three months will soon be over as the Nigerian National Petroleum Corporation (NNPC) in collaboration with major marketers have embarked on a massive product supply into Lagos and its immediate environs.
As at last weekend, the situation in Lagos has stared returning to normalcy as the NNPC in collaboration with major marketers bombarded filling stations with more than 490 trucks of premium motor spirit (PMS).
Sources in the industry gave an insight into the breakdown. According to them, NNPC alone dispatched 218 trucks while major marketers have successfully dispatched 272 trucks into fuel stations.
Industry sources who spoke to our correspondent hinted that the flooding of filling stations was informed by the seven days ultimatum which was given last week by the minister of petroleum resources Dr. Rilwan Lukman to the management of the NNPC to flood filling stations with petrol. Investigations carried out last week showed that some filling stations situated around Apapa, the hub of the importation had shorer queues of cars.
In addition to this, Shipping Position Weekly gathered that one of the players in the downstream sector, African Petroleum (AP) is set to flood the market with the importation of 10 cargoes of PMS. In a document signed by the company’s chief operations officer Mr. Tunde Falasinu and which was sited by our correspondent, the company said that “the importation will be used to wet the market and ensure adequate supply and distribution of petrol in the country”. Each of the 10 cargoes amount to 33,000 metric tones of PMS.
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