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    Home - FG Threatens To Withdraw Fuel Marketers’ Licences Over Hoarding

    FG Threatens To Withdraw Fuel Marketers’ Licences Over Hoarding

    By Hamza RufaiAugust 17, 2024
    Fuel Queues 2
    Fuel Queues in Abuja.

    THE queues for Premium Motor Spirit, popularly called petrol, continued on Friday in Abuja, Niger, Nasarawa, Kaduna, and many other states as the Federal Government threatened to withdraw the operating licences of oil marketers involved in PMS hoarding.

    BORNO PATRIOTS

    On Friday, long queues of vehicles were observed at various fuel stations across the Federal Capital Territory, with many stations closed due to a lack of supply.

    In the Kado axis of Abuja Municipal Area Council, some fuel stations, including AA Rano, were selling petrol at N849/litre, while others remained shut.

    UBA

    The petrol scarcity led to frustration among motorists who spent several hours in queues to get the product.

    A taxi driver at an NNPC station, who gave his name as Matthew, expressed his concerns, saying, “I’ve been experiencing a lot of challenges due to the scarcity. It’s been a real headache. When you finally get the money, you’re supposed to spend it with happiness and joy, but instead, you’re spending it with sadness.

    “As a taxi driver, I’m struggling to make ends meet. I have to work one day just to get fuel and another day to do my actual job. It’s a constant struggle. We’re facing challenges just to survive, and it’s not giving us any joy. We’re struggling in our own country, and it’s frustrating.

    “I implore the government to look into this issue and find a solution. We need a better way forward to bring joy and prosperity back to our lives.”

    Happy Birthday

    Speaking during an inspection tour in Abuja, the Executive Director of Distribution Systems, Storage and Retailing Infrastructure, NMDPRA, Ogbugo Ukoha, warned filling stations to desist from compounding the fuel supply crisis in Nigeria.

    In a video clip shared by the regulator during an inspection at one of TotalEnergies filling stations, Ukoha told the managers of the outlet that “you need to take this (warning) very seriously. If you need security reinforcements, speak to your management.”

    Nigerian TAX Reform - Federal Goverment

    He said retail petrol stations should stop encouraging the sale of products to black marketers who dispense the products in jerrycans.

    This, according to Ukoha, posed serious safety concerns and should be discontinued.

    Also on its X handle, the downstream regulator said it had declared war against the illegal sale of petroleum products.

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    “NMDPRA embarks on a war against the illegal sale of petroleum products, especially PMS in jerrycans. Filling stations are advised to desist from servicing illegal peddlers; failure to do so would result in the suspension of retail licences,” the agency stated.

    Meanwhile, it was gathered on Friday that NNPC was still struggling to import enough petrol into Nigeria.

    It was also learned that this development prompted depot owners to sell petrol to marketers at higher prices. The marketers are eager to buy the product at any price, knowing that Nigerians in desperate need of fuel will still patronise them.

    Rano Capital

    On July 27, NNPC spokesperson, Olufemi Soneye, said the fuel scarcity witnessed in Abuja and Lagos was due to a hitch in the discharge operations of a couple of vessels.

    “The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is a result of a hitch in the discharge operations of a couple of vessels,” Soneye had explained.

    FG Fuel Marketers Hoarding
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