There are indications that the price of Premium Motor Spirit (PMS) otherwise known as fuel, may be on the rise again at petroleum tank farms in Lagos as the commodity last week shot up suddenly to N89.00 as depot price from the N85. 00 it was sold for.
Apart from these, investigations carried out by our correspondent at the NNPC depot at Ejigbo Lagos revealed that fuel is now being sold for N90.00.
There are indications that the price of Premium Motor Spirit (PMS) otherwise known as fuel, may be on the rise again at petroleum tank farms in Lagos as the commodity last week shot up suddenly to N89.00 as depot price from the N85. 00 it was sold for.
Apart from these, investigations carried out by our correspondent at the NNPC depot at Ejigbo Lagos revealed that fuel is now being sold for N90.00.
Shipping Position Daily however gathered that the sudden increase in prize of the product may not be unconnected to the fact that tank farms located at Ibru and Ibafon tank farms have been suspended from loading products temporarily, a development which has caused other tank farms to inflate the prize.
Speaking with our correspondent, a NUPENG union member at Apapa Lagos, Comrade Owolabi Jimoh said that there is fuel at the Ibafon and Ibru depots but that they cannot be distributed for now
According to him, other depots like NIPCO, Obat Oil, Folawiyo Energy and a host of others are not enjoying heavy patronage.
"By the time we resume back, we will know the outcome of the break, majorly, our operations has to do with demand and supply, once the fuel is dry out there, the demand will increase"
Our correspondent last week gathered that the Federal Government had directed the national headquarters of NUPENG under the leadership of Comrade Igwe Achese to withdraw all petroleum tankers from the Apapa expressway.
Shipping Position Daily correspondent who visited the depot last week noted that the entire area has suddenly become a ghost town.
Even though he assured that the situation might not necessarily lead to fuel scarcity, Owolabi confirmed that tanker drivers have not been working at Ibru and Ibafon jetty for the past two weeks.
"We have not been working since last week, the order came from above, from our national leaders and the Federal Government"
"They told us that Julius Berger is complaining that tanker drivers are not allowing them free access to complete the road construction, last week Berger only gave us Saturday to work, and this week we have not loaded products at all" Owolabi confirmed
Owolabi said that Task Forces from the Zonal Council of NUPENG had since last week impounded several trucks that violated the directive.
He said that the trucks were towed to Orile truck park while the owners were asked to bail them for N400,000.
Our correspondent however gathered there are not less than twenty petroleum tank farms at Ibru and Ibafon Jetty. The axis also accounts for not less than fifty percent of the total distribution of patrol in Nigeria.
For the time being, fuel marketers have been asked to divert their activities to depots around Kirikri, Dockyard and Creek Road areas of Apapa.
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