Ikeja Record

Ikeja Record

5 major causes of current fuel scarcity in Nigeria, when it will end

Hedrick Onyirioha
Apr 29, 2024
∙ Paid

The queues are back in and outside petrol stations across Nigeria, especially in the northern region as citizens groan over the unbelievable prices of the product and the attendant economic effects. There are speculations among public and private car owners that marketers effected the hike over an unconfirmed suspicion that the federal government is trying to reduce the price of Premium Motor Spirit (petrol). However, speaking with reporters on the issue, Bashir Ahmed Dan Mallam, the chairman of the Arewa Oil and Gas Marketers Association (AOGMA), the association of petroleum dealers for northern Nigeria, highlighted some reasons for the increment.

1. Smaller vessels were used to import fuel

According to Dan Mallam, smaller vessels were used to import petroleum products into Nigeria because they could get to ports like di Bonny Terminal (Rivers) and Escravos Terminal (Delta).

He added that bigger vessels are unavailable as Dangote Refinery which has commenced operations, is engaging the…

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