Nigeria to overcome fuel scarcity as marketers get access to forex

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The Independent Petroleum Marketers Association of Nigeria, IPMAN, said, yesterday its members have overcome Forex challenges as they have been granted Forex access to import petroleum products.

This was even as the Major Oil Marketers, MOMAN, also disclosed to have more than 10 days stock at the depots, with about four other vessels not yet discharged, averaging 85million litres of petrol.

Speaking to Vanguard in a telephone interview, National Secretary, IPMAN, Alhaji Hassan Kirmi, said all members should therefore, desist from the act of sharp practices in the prices of PMS to customers.

His words: “So many of our members are bringing in product, which means they have accessed FOREX. But the complaint is that the FOREX is not forth coming as it were.

“There are enough products at almost all the tank farms in Lagos, Port-Harcourt and Warri. Nigerian National Petroleum Corporation, NNPC had on Friday structured the distribution chain into six geo-political zones that distribute petrol across the country and they are very effective.

“Our members are importing from Warri, Port-Harcourt, Lagos, Calabar. There is much product coming into the country, we have over 20 vessels on ground and refineries are producing.

“Also, we have presented our case to the government on the issue with the landing cost. That is why they are contemplating of bringing in subsidy.

Source: Vanguard

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4 Comments on Nigeria to overcome fuel scarcity as marketers get access to forex

  1. Soon… it will be known to all the real reason and forces behind this terrible fuel scarcity that has lingered for months. Besides, can we start seeing ease and balance in our filling stations across the nations.

  2. I believe it is going to solve issue with fuel scrcity and these will stabilize the economy since the since the independent marketers will have access to forex now

  3. That is good news. Could start bringing these products already and stop cheating Nigerians with exorbitant prices!

  4. This is a beautiful development.. Kudos to the government for taking the right decision to enable the independent marketers have access to foreign and they should be monitored to make sure they use the forexx for the importation only

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