WHEN queues started growing at petrol stations some two weeks ago, one initially thought it was because of the nature of the market. Since subsidy removal was announced last May 29, the cheapest price at which petrol could be bought was N568, at NNPC-owned filling stations. Other marketers sold above that, and in the Lagos area, often as high as N665, depending on which part of Lagos.
All the while, the state’s petroleum monopoly, NNPC, continued to churn out the rhetoric that petrol is available, and that shortages at the filling stations were due to “logistics challenges.” These challenges, NNPC Ltd said, have been resolved, but that normalcy will take some more days to restore. This position was countered by the association of independent marketers, which said that petrol scarcity will linger for at least two weeks.
Just what is happening? Is the situation attributable to European refiners undergoing maintenance or the logistics problems which it was claimed have been resolved? As the situation is with electricity, this round of petrol scarcity is one that should make everybody in government hide their faces in shame, starting with the petroleum ministers. I am of the bent that many people employed in the petrol supply chain have not done their jobs as well as they should have, despite the handsome rewards for their employment.
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