The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

Supply shortfall cause of fuel scarcity – Kachikwu

Agency Report by Agency Report
December 8, 2017
in Headline News
Supply shortfall cause of fuel scarcity – Ibe Kachikwu
0
SHARES
7
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country is shortfall in supply of petroleum products.

Kachikwu, who stated this in a news briefing on Thursday in Abuja, however, said that the Nigerian National Petroleum Corporation (NNPC) was making efforts to ensure that queues at filling stations disappeared in a couple of days.

You might also like

US Court Jails Five Nigerians For 159 Years

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

President Tinubu Signs Bills To Establish Three Tertiary Institutions

“Presently, queues in Lagos have reduced. We know that Lagos, Abuja, Benue, Port Harcourt were among the worst-hit areas.

“Benue has been dealt with; Port Harcourt is quite moderated. Apart from these areas, other places in the country are probably liquid.

“The major problem is the gap in terms of volume, because NNPC is the only one importing the product to the country,” he said.

The minister assured that there was adequate storage facility for imported products, adding that emergency measures were in place to ensure that the products were available during the Yuletide and post-January.

He said that four vessels laden with petroleum products would “berth in a few days and a total of 20 cargoes are also expected with petroleum products.’’

Ibe Kachikwu said that the NNPC had, as at Wednesday, discharged products at its depots, adding that emergency supply, quick truck delivery and stricter monitoring were measures adopted to ensure that queues disappeared.

He added that NNPC would use additional trucking to major cities using strategic reserves from Suleja, Minna, Gusau and Gombe.

READ ALSO: Fuel scarcity may worsen as PENGASSAN threatens strike

This, he said, would help to service Abuja, Kano and Sokoto axis to feed the North-West, North-East.

“I have asked the Department of Petroleum Resources (DPR) and Petroleum Products Pricing Regulatory Agency to ensure stricter sanctions on any station that refuses to abide by the rules.

“They need to take a firm action to ensure that we get quick results,’’ he said.

Ibe Kachikwu further assured that the market would be flooded with more products to cushion effects of over-subscription through Kaduna refinery production, adding that Port Harcourt was expected to start producing 2.1 million litres of petrol per day.

He said that it was expected that with the adopted strategies, the queues would “slide down’’ in one week.

On long-term strategy, he said that ultimate result would come when the refineries resumed optimal production.

The minister said that work would commence effectively in the refineries in January.

Executive Secretary of DPR, Mr. Modecai Ladan, said that many sanctions awaited filling stations found compromising the dispensing process, warning that the stations would be shut down or charged N275 per litre.

He said that any station found hoarding products would either be sealed or its product auctioned or dispensed free-of-charge to consumers.

Ladan added that depending on the offence, defaulters may be shut down for six months or blacklisted.

A drive round Abuja metropolis and highways revealed that only a few filling stations were opened for operation, serving long queues.

 

(NAN)

Tags: causeFuel scarcityheadlineIbe KachikwunewsNEXT EDITIONNigerian newspapershortfallsupply
Agency Report

Agency Report

Recommended For You

Nigeria Ranks Seventh With International Students In US

US Court Jails Five Nigerians For 159 Years

A court in the United States has sentenced five Nigerian nationals to a combined 159 years in prison for their involvement in a sweeping $17 million fraud scheme...

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

A viral video showing female students of Olabisi Onabanjo University, Ago-Iwoye, being checked for bras before entering the examination hall has sparked widespread criticism online and on campus....

President Tinubu Signs Bills To Establish Three Tertiary Institutions

President Tinubu Signs Bills To Establish Three Tertiary Institutions

President Bola Ahmed Tinubu has signed into law three bills sponsored by the Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, establishing the Federal College of...

Soyinka @ 90: Group Gathers 80 Schools Plan One Month-Long Exhibition

I Nearly Contested For President After June 12 Struggle — Soyinka

Nobel laureate, Prof Wole Soyinka, has disclosed that he almost joined the presidential race following the June 12 pro-democracy struggle. He, however, said he dismissed the idea after...

Next Post
Nigerian states, FG hit by N25b revenue shortfall

Nigerian states, FG hit by N25b revenue shortfall




Related News

Alleged $40m Fraud: Appeal Court Appeal Upholds Ex-President Jonathan Cousin’s No-Case-Submission

Alleged $40m Fraud: Appeal Court Appeal Upholds Ex-President Jonathan Cousin’s No-Case-Submission

Maternal Mortality: Expert advises FG To Adopt ‘No Shame, No pain Technique’

Maternal Mortality: Expert advises FG To Adopt ‘No Shame, No pain Technique’

Benue: Angry Youths Burn Church Owned By Alleged Manhood Thief

Benue: Angry Youths Burn Church Owned By Alleged Manhood Thief




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited