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Wednesday, December 4, 2024

Fuel scarcity: Oil marketers  extend loading time at depots as eight more vessels delivered fuel in Lagos

The Chairman, Major Energies Marketers Association of Nigeria (MEMAN), Mr Huub Stokman, on Tuesday, assured Nigerians that the current fuel scarcity being experienced across the country will be over in a matter of days, saying that oil marketers’ depots have extended their loading time as more vessels delivered fuel .

Speaking at a press conference addressed by him alongside MEMAN chief executive officer, Mr. Clement Isong,  Stokman stated that all oil marketers’depots will extend their loading times to ensure they load out as much as they can including tomorrow the 1st of May 2024.

He said: “Our partners in NARTO & PTD have assured us of their support in ensuring the product gets to the retail outlets safely and quickly. We also will extend the opening times of selected retail outlets to ensure we can service our customers as long and as safely possible”. 

He explained that Independent marketers (depots & stations) are being allocated additional PMS to alleviate the situation.

“We expect the situation to improve in the coming days as supply chains adjust and stabilize.

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MEMAN remains committed to keeping you informed and providing timely updates. Should you have any questions or concerns, please feel free to reach out to us through our official channels”

“MEMAN deeply empathizes with Nigerians facing the challenges occasioned by the current availability of Premium Motor Spirit (PMS) and the resulting queues at many retail outlets. We can see the frustration and difficulties this situation is creating.

The Downstream Regulator, NMDPRA and other key stakeholders across the supply chain are fully engaged and supportive to eliminate the queues as swiftly as possible.

Stokman said the top priority is to restore stability and ensure that fuel supplies reach all depots and retail outlets across Nigeria promptly. 

“While the current situation has been challenging, we want to reassure the public that there is an adequate supply of PMS available. 

“Our members in Apapa and other locations in Lagos are taking product from 8 vessels this week with over 300 million litres of PMS, well above our normal levels. We are actively coordinating with our member companies through swaps and other supply arrangements to ensure member stations remain stocked”, he stated 

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