There’s been scarcity of Premium Motor Spirit (PMS) otherwise called petrol, in some Nigerian cities–noticeably in Lagos, Abuja and Maiduguri, among others.
The shortage of the product has led to traffic gridlock, especially in Lagos.
Here are 3 reasons why you’ve been struggling to purchase petrol for your car or generator in the last couple of days:
- There’s plenty of bad petrol in the market
The Nigeria National Petroleum Corporation (NNPC) is trying to withdraw more than 100 million liters of adulterated petrol in circulation.
As a matter of fact, some petrol stations have been told to stop selling old stock because it’s probably bad, adulterated petrol.
Hence the scarcity.
Which also explains why some stations are dispensing while some others are not.
If your car has been jerking or refusing to accelerate as it normally does when you step on the gas pedal, chances are that you’ve filled your tank with adulterated petrol in the last three weeks. It has nothing to do with your injector or fuel pump.
ALSO READ: Aviation workers shelve planned nationwide strike
According to the Independent Petroleum Marketers Association of Nigeria (IPMAN), a particular cargo shipment supplied petrol with high sulphur content to the Nigerian market.
The Southwest Zonal Chairman of IPMAN, Dele Tajudeen, has confirmed the prevalence of contaminated fuel in circulation.
Tajudeen also says members of his group were supplied with bad products, which had put them in serious trouble, as they had to repair vehicles for customers who have had their cars damaged by the bad petrol.
- NNPC is not supplying same amount it used to
Supply chain disruptions are also part of the problem.
The state-run NNPC imports almost all of the petrol for the domestic market.
Marketers are now saying NNPC isn’t doing its job so well right now:
According to IPMAN’s Tajudeen: “This fuel scarcity is as a result of short supply from the NNPC and, of course, the private depots around Lagos. One of the major reasons for the scarcity is that the five NNPC depots in southwest as at today are not loading products.
- Hoarding of petrol
Trust Nigerians to want to make the most of a bad situation. Right now, some marketers are hoarding the product.
When hoarding occurs, artificial scarcity becomes a thing, black marketers smile to the bank and panic buying ensues.
There’s every possibility that there’s enough petrol to wet the market right now. However, some major marketers and dispensing stations would ensure that they milk the situation to line their own pockets some more.
Now you see how the thing goes….