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Fuel Scarcity Worsens as NNPCL Halts Sales to Independent Marketers Amid Price Surge

Ademola Damilola by Ademola Damilola
September 5, 2024
in In the News, News
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NNPCL May Halt Petrol Imports as Depot Prices Near N1,000/Litre Amidst National Protests
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In Delta State, commercial tricycle operators, also known as “keke” riders, took to the streets in Warri and Effurun on Wednesday, protesting the price hike. Reports indicate that some independent marketers have been selling petrol at N1,200 to N1,300 per litre, following the NNPCL’s price adjustment to N855 per litre across its outlets.

Hammed Fashola, National Vice President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), revealed that NNPCL halted fuel sales to independent marketers without prior notice, despite the marketers having paid for the product months ago.
“Our tickets for loading have been suspended, and no official communication has been made,” Fashola explained, expressing concern over the hardship this situation is imposing on marketers and the public.

Meanwhile, three vessels carrying imported petrol docked at Apapa, Lagos on Wednesday, suggesting potential relief as NNPCL ramps up supply. However, the price disparity between major marketers and independent marketers remains, with independent outlets charging higher prices due to sourcing fuel from private depots.

In response to the fuel price hikes, the Trade Union Congress (TUC) condemned the government’s decision, demanding an immediate reversal. TUC President, Festus Osifo, expressed concern over the rising costs of petrol and electricity, warning that these increases could further escalate poverty and social unrest across the country.

As Nigerians await the impact of fuel from the Dangote refinery, there is growing frustration over the price of petrol, which remains a pressing issue across the nation. Many commuters have been forced to walk long distances, as commercial transport operators increase fares in response to fuel costs. In some areas, petrol is being sold by black marketers at prices as high as N1,600 per litre.

The NNPCL has yet to issue an official statement regarding the price increase and the suspension of fuel sales to independent marketers, leaving many Nigerians uncertain about the way forward.

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