Monday 23 November 2015

Imo Residents Lament Purchase Of Petrol At 200 Naira

Channels Tv
Residents of Owerri, Imo State capital, have been groaning in agony over the lingering fuel crisis across Nigeria.
This is because many of them have had to stay over two days on long queues to buy petrol for 87 Naira per litre at Nigerian National Petroleum Corporation (NNPC) petrol stations.
Other independent petroleum marketers have been selling petrol at the rate of 200 Naira per litre, a situation which the people have bitterly complained about.
They appealed to the Federal Government to, as a matter of urgency, find a lasting solution to this problem, as it is crippling activities in all sectors in the state.
Speaking to Channels Television, an official from one of the NNPC mega stations within the metropolis disclosed that the product was available in large quantity, but lack of patience and panic buying has been the cause of the long queues.
He added that the station had to extend their selling time till late in the night, for people to get petrol.
The leadership of the Nigeria Union of Petroleum and Natural Gas (NUPENG) has said that total deregulation of the downstream sector and complete removal of fuel subsidy would solve the nation’s prolonged fuel crisis and scarcity.
The National President of NUPENG, Mr Igwe Achese, said that Nigerians would continue to experience scarcity and inflation in prices of petroleum products from time to time unless the NNPC returned to its statutory role, as the sole importer of petrol.

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