FUEL SCARCITY: No solution in sight after N413 billion subsidy approval

By Udeme Clement
The scarcity of Premium Motor Spirit (PMS), commonly known as petrol, which hit the country few days ago, is beginning to subside following the approval of N413billion by the Federal Government for immediate payment of outstanding subsidy claims to oil marketers in the country . The payment according to government was to facilitate importation of petroleum products to ease scarcity, which has become a recurring crisis, especially in the last quarter of every year.
When Sunday Vanguard, visited some filling stations within Lagos metropolis, it was observed that long queues found initially at many outlets were disappearing. But the situation at Apapa depots where petrol is often loaded from and distributed to other parts of the country was a different scenario entirely.
While going round some depots, Sunday Vanguard learnt that buying petrol from depots poses a big challenge to many marketers, especially those coming from the eastern parts, Kaduna, Kano, far north and other places outside Lagos. Our team gathered that while some marketers buy from third parties almost at the official pump price of N87, which they ought to dispense at the outlets, others spend days, incurring so much expenses before getting the products from the depots.
Some buyers at the depots, and among them women, who spoke with our team, expressed displeasure with the challenges they face in getting products from the depots, even when there is no scarcity.  Madam Lawal (surname withheld), in a chat with Sunday Vanguard said, “Getting the products from the depots is sometimes very difficult, even where there is no scarcity in the country. Sometimes my truck stays for days before being loaded. Often, some of us after spending days at the depots buy from third parties at exorbitant rate, instead of returning without the products.”


http://www.vanguardngr.com/2015/11/fuel-scarcity-no-solution-in-sight-after-n413-billion-subsidy-approval/