N100 Billion Claim: Fuel Scarcity Hits Abuja Again

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Emerging report gathered on Monday shows that Long queues of vehicles seeking to buy premium motor spirit, also known as petrol, has emerged again at filling stations at the Federal Capital city of Abuja.

Petroleum marketers have attributed the emerging petrol queues in Abuja to failure of federal government to refund 12 months products bridging claims to them.

It was gathered that government has not paid marketers bridging claims in the last 12 months and the debt has risen to about N100 billion.

Speaking on the return of fuel queue, the National president of the Independent Petroleum Marketers Association on Nigeria, IPMAN, Elder Chinedu Okoronkwo, said that the queues being experienced curently is because many marketers are unable to buy products due to the huge debt.

“We are still loading but some marketers have shut down operations because they are highly indebted to the banks and cannot sustain operations. Only few are just operating and cannot satisfy current demand.” Okonkwo explained.

Okoronkwo noted that an emergency meeting of marketers is scheduled for today Monday, to discuss the huge debt trapped at the Petroleum Equalization Fund. The outcome he said will determine marketers’ next line of action.

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