Indications have emerged that the ongoing scarcity of petroleum products across the country is one that would linger until February next year. This is as petroleum marketers are reported to have suspended fresh importation of petroleum products despite receiving N413 billion in subsidy claims from the government.
Some marketers who took news into confidence on the vexed issue specifically noted that the alleged plan by the Federal Government to remove subsidy on petrol next year and commence full deregulation by January 1, is already unsettling them.
Disclosing that they are in full support of the deregulation of the downstream sector, the marketers lamented that the secrecy surrounding its implementation and take-off date is already causing uncertainty within the sector. According to an importer,
Quote
“Marketers are not against deregulation. But deregulation must be planned for. It must not be a hasty decision. We are entities that invest a lot in importation of petroleum products. If a decision that is to affect us must be taken, then, we must be taken into consideration. For now, uncertainty pervades the sector.”
A source said
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“Nigerians are not considering the vagaries involved in deregulation. There are speculations that with deregulation, a litre of petrol would sell for N97, which is a possibility on one hand. But considering the current price of crude oil which sells for about $38 per barrel, what if this price slides further in the weeks to come and the permutation declines to less than N87 for a litre, who bears the loss?”
The marketer maintained that all these certainties surrounding the downstream sector have further dealt a debilitating blow on the current fuel scarcity.
I am a metro reporter on Gistmania, I have been publishing news materials for over 5 years
Posted: at 21-12-2015 12:44 PM (8 years ago) | Hero
The federal government should start now the deregulation now. l think it is better to bu now at N92 than buying at N100 or more during scarcity and this marketers are still collecting N200 million per day from federal government. Let's start facing and living in the reality now than subjecting ourselves to the suspended evil of the markerters
Posted: at 21-12-2015 01:42 PM (8 years ago) | Gistmaniac
DEAR NAIJAPALS, I GOT THIS FROM SOMEWHERE IN AN ARTICLE IN EUROPE. A NIGERIAN WRITES….DO YOU AGREE WITH HIM? WHAT IS YOUR OPINION?
“FOR HOW LONG MUST WE CONTINUE LIKE THIS? IT'S A SHAME THAT WE ARE BLESSED WITH ABUNDANCE OF CRUDE OIL. WHY SHOULD WE BE SO IRRESPONSIBLE IN THE SAME ISSUE OVER AND OVER AGAIN? WE HAVE FOUR BIG REFINERIES AND WE LIVE LIKE THIS. THERE ARE COUNTRIES WITHOUT A SINGLE DROP OF OIL STILL THEY LIVE A MILLION TIMES BETTER AND WELL ORGANIZED. WHAT A SHAME”
NIGERIA A CURSE OR A BLESSING? I WEEP FOR MY COUNTRY IN THE DARK.
-CHIKA J. NJOKU MBA, BSC. BBA
Posted: at 21-12-2015 02:26 PM (8 years ago) | Gistmaniac
zezprincess at 21-12-2015 06:47 PM (8 years ago) (f)
Heeeiii,government make una hear this,in the days of john de baptist,the kingdom suffereth violence&the violence taketh it by force,if una dey hood fuel,no wan give to nigerians,we go begin de vandalised petrolooooo.
Posted: at 21-12-2015 06:47 PM (8 years ago) | Hero
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