Fuel Queues Return As Price Hike Looms

The queues for petrol grew worse in some parts of the country on Sunday following the shutdown of many filling stations amid heightened expectations of an increase in the pump price of the product.

 

The Minister of State for Petroleum Resources, Chief Timipre Sylva, had on February 9 said Nigerians should prepare for the pain associated with the increase in crude oil price.

 

The international oil price, Brent crude, rose by more than 14 per cent in February as it closed at $64.42 per barrel, up from $56.42 per barrel at the start of the month.

 

Motorists besieged the few outlets that were open for business in Abuja, Nasarawa, Niger and Borno states, while some others that had dispensed petrol the previous day were locked on Sunday.

 

Two weeks ago, queues of motorists were seen in many locations after oil marketers raised concerns about petrol pricing by depot owners and how this affected petroleum products supply.

 

The queues resurfaced on Saturday and Sunday, as only few filling stations were dispensing petrol while others were shut.

 

Some attendants at some of the shut outlets told one of our correspondents that they were not selling petrol because the cost of the product would be increased from March.

 

Nipco and Gegu filling stations, along the Kubwa-Zuba Expressway, Abuja, had long queues of motorists on Sunday, while IBWAS filling station on the same road that had earlier dispensed products was shut.

 

Similarly, Major Oil filling station, along Airport Road, Abuja, which had steadily dispensed products up till Saturday, did not sell petrol on Sunday.

 

Shema Oil, close to Next Cash ‘N’ Carry in Abuja; NNPC outlet in Zuba, Niger State, and few other filling stations in Nyanya/Mararaba in Nasarawa State had queues.

 

“We have not been advised of any increase in petrol price. Many filling stations are not selling petrol perhaps because they have run out of stock or they are hoarding the product in anticipation of price increase,” the National Operation Controller, Independent Petroleum Marketers Association of Nigeria, Mr Mike Osatuyi, said.

 

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