Financial Energy Review
………..frown at speculations of price increase…….
…….by Ben Ndubuwa…..
The Major Energies Marketers Association of Nigeria (MEMAN) has Said that it deeply empathizes with Nigerians facing the challenges occasioned by the current non availability of Premium MotorSpirit (PMS) and the resulting queues at many retail outlets expressing dissatisfaction over the frustration and difficulties this situation has created..
MEMAN said that they are stepping up efforts at ending the current scarcity in few days time at the various outlets and filling stations nationwide.
The Energies marketers explained that among other efforts being put in place to end the current queues at filling stations include depots loading time being extended to ensure that loading goes unhindered including today, the 1st of May 2024. The Association said these efforts will in a couple of days, not weeks, end the fuel scarcity.
The Association pointed out that it expects over 300 million litres of Premium Motor Spirit (PMS) from eight vessels to ease fuel scarcity and queues in Lagos and other parts of the country this week.
According to MEMAN Chairman, Mr Huub Stokman the Association was actively coordinating with its members in Apapa and other locations to ensure that fuel was loaded and distributed to retail outlets safely and quic
Speaking in a press briefing on Tuesday Stokman who is also the Chief Executive Officer (CEO) of NNPC Retail, noted that more efforts are on going at ensuring that the queues at filling stations end as soon as possible.
“Selected retail outlets will be open for longer hours to ensure we can service our customers as long and as safelthat this effort was aimed at addressing the current fuel shortage and the challenges faced by consumers.
Adding that MEMAN is working closely with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and other stakeholders to eliminate fuel queues and restore stability.
“Additional support is being provided by the Nigerian Association of Road Transport Owners (NARTO) and the Petroleum Tanker Drivers (PTD).
“MEMAN is extending depot loading time to ensure that loading goes unhindered including tomorrow the 1st of May 2024
.“Selected retail outlets will be open for longer hours to ensure we can service our customers as long and as safely as possible.
“Independent marketers (depots &stations) are being allocated additional fuel to alleviate the situation,” he said.
Stokman said that the association remained committed to supporting the Federal Government’s distribution efforts and ensuring the availability of petroleum products nationwide.
