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The Business NG - July 10, 2024

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Fuel queues have returned to Nigeria's capital city and neighboring states, causing frustration for motorists. The Petroleum Products Retail Outlets Owners Association (PETROAN) has blamed the Nigerian National Petroleum Company Limited (NNPCL) for the scarcity, citing a lack of supply.
According to PETROAN President Billy Gillis-Harry, the non-supply of Premium Motor Spirit (Petrol) by NNPCL has led to the scarcity. "We don't have the product, that is the reason for the scarcity," he said in an exclusive interview
Gillis-Harry revealed that he visited over 15 filling stations in Abuja, including NNPCL retail outlets, but found no fuel. He also dismissed claims that fuel marketers are hoarding the product, stating that they sell according to the amount they buy.
The development comes as the National Bureau of Statistics reported that the average price of petrol per liter rose to N769.62 in May 2024. The fuel subsidy removal announced in June last year has also contributed to the scarcity.

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The Business NG Description:

Uitgever: Tuns-Media-&-Comm-Enterprise

Categorie: Newspaper

Taal: English

Frequentie: Weekly

The BusinessNG, a leading business news publication across Nigeria and WestAfrica With a strong team of 30 staff members and a weekly print circulation of over 10,000 copies, we are poised for growth and report all political relating to business news at all level