Marketers have blamed dry depots, bad roads and high cost of diesel for the ongoing petrol scarcity across major cities in the country.
Checks around Abuja Wednesday showed that most major marketers which were opened have hiked their pump price from N615 per liter to N625 per litre. Most independent stations were however shut as more stations ran out of stock.
Chief Ukadike noted that with NNPC Retails as the sole importer of petrol into the country, marketers across the country were relying on the government owned Oil Company for supplies. “Some of the portals owned by NNPC have shutdown and are no longer issuing authority to lift to marketers in some of their portals. This significantly shows that there is a gap in the chain of supply. But I was reassured by the MD of NNPC that they are expecting products and they will feed us very soon.
Mr. Korie pointed out that “depot owners are so terribly affected by the increasing cost of the crude and exchange rate to the extent that many depots are practically deserted as their owners are unable to secure bank loans to fund their business due to high interest rates.
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