Friday 17 November 2023

Confusion As Marketers, NNPCL Give Divergent Reasons For Fuel Scarcity

Tony Gists The Developer Releases His first Mobile Gaming android Application. Download from Play store

The marketers attributed the long queues to an insufficient supply of Premium Motor Spirit (PMS), popularly known as petrol.

 fuel scarcity

Petrol marketers and the Nigerian National Petroleum Company Limited have provided conflicting explanations for the extended queues at petrol filling stations in Abuja, Nasarawa, and Niger States.

The marketers attributed the long queues to an insufficient supply of Premium Motor Spirit (PMS), popularly known as petrol.

The National Public Relations Officer of the Independent Petroleum Marketers Association of Nigeria, Chief Ukadike Chinedu, stressed that the non-availability of petrol has resulted in cases of profiteering among marketers.

“The queues have continued because there is an insufficient supply of products. If we have enough products, it will bring down these acts of profiteering among marketers”, he stated.

However, the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, dismissed the claim by oil marketers on the reason for the re-emergence of queues.

According to him, the queues in Abuja can be attributed to a ‘price war’ among marketers.

He explained that motorists would prefer to queue in NNPCL with prices of N613 per litre than other outlets with higher prices.

“That is not true. The recent tightness in Abuja is essentially a price war typical of any competitive market. Motorists would rather queue at filling stations that offer lower prices than others.

“While NNPC retail is selling at N613/litre in Abuja, other marketers’ prices range from N625-N650/litre”.

DAILY POST gathered that despite the suspension of the nationwide strike by the National Labour Congress and Trade Union Congress on Wednesday, many filling stations were not dispensing fuel as of Thursday morning

Are You On youtube? subscribe to Hot GIST Channel Latest Updates - @Hot Gist

Are You On youtube? subscribe to Gospel World (which is also owned by Tony Gists) youtube Channel Latest Updates - @Gospel world

Are you on audio mack? Follow Tonygists on audio mack to listen and download to the latest Mfm sermons Latest Updates - @Tonygists

Follow Tonygists on LinkedIn to get more jobs opportunities Latest Updates - @Tonygists

Are You On youtube? subscribe to Honest Ose Channel Latest Updates - @Honest Ose

Are You On youtube? subscribe to Honest Web Solutions Channel Latest Updates - @Honest Web Solutions

Are You On youtube? subscribe to Xtremely Honest Channel Latest Updates - @Xtremely Honest

Are You On Twitter? Follow Us Now For Latest Updates - @tonygists

Are You On FACEBOOK? Like Our Page For Latest Updates - tonygists

Are You On FACEBOOK? Join Our Group For Latest Updates And Interactions - TonyGists

© 2024 Tonygists | Portions are © 2024 Associated Press. All rights reserved. This material may be published, broadcast, rewritten, or distributed.

Share This Post Via

Related Posts

Next Post »

Reliance Training and Management Consulting, a dynamic, fast growing indigenous entity, was established and duly registered with the aim to nurture, develop and innovate people and organisations through customized training, development and management consulting services, with excellent performance, deep sense of commitment, transparency, honesty and responsibility, to demonstrate the highest standard of technical and operational expertise.

Reliance is competently positioned to provide technical knowledge and skills relevant to practical management and business problems, to stimulate the creativity and innovation necessary to build a better community, a better nation and a better world with a committed mind set to contributing our best to the maximization of personal potentials and skills toward optimizing productivity and achieving organisational goals.