Breaking News

Fuel scarcity may wane in Lagos towards yuletide


LAGOS —THERE are indications that the current fuel scarcity bedeviling Lagos and the entire nation may wane just as oil marketers are expected to discharge reasonable quantities of Premium Motor Spirit, PMS, from their depots.

One of the marketers, Techno Oil, a major player in the downstream  oil sector, is expected to discharge 60,000 metric tonnes of PMS or petrol, during the yuletide season.

This is expected to complement supplies from the Nigerian National Petrol Corporation, NNPC, within the same period.

The company which is currently discharging 10,000MT of petrol from its Kirikiri depot also confirmed that the nation’s most strategic pipeline, System 2b, currently on shut-down, would be up and running well ahead of the yuletide.

The Executive Vice Chairman of Techno oil, Mrs. Nkechi Obi, disclosed to newsmen that PMS is currently available in their depot and would be made accessible to the public.

“We are currently discharging 10,000 metric tons of PMS from our allocation and between now and December we will have discharged 60,000MT,” she said.

She, however, pleaded with the Federal Government to expedite payment of subsidy claims to companies that were indicted in the subsidy scam.

It was earlier reported that a total of 24 vessels, out of which 15 are laden with PMS, bearing a combined total of 483,343 metric tons (about 638 million litres) were awaiting berth at the ports.


Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.