Ibe Kachikwu, the minister of petroleum resources, and Maikanti Baru, group managing director of the Nigeria National Petroleum Corporation (NNPC), have been mandated to clear the fuel queues in Abuja and Lagos by the weekend.
The fuel queues were, on Monday, reported to have resurfaced in Sokoto, but by Tuesday morning, there were reports of queues in many filling stations visited in Lagos, Kaduna and Abuja.
The FEC meeting which held in President Muhammadu Buhari's absence was presided over by Vice President Yemi Osinbajo.
The solution to the lingering fuel crisis is for the Nigerian National Petroleum Corporation (NNPC) to stop supplying fuel to Depots and Petroleum Marketers Association of Nigeria (DAPMAN), the Independent Petroleum Marketers Association of Nigeria (IPMAN) National President, Chief Chinedu Okoronkwo, has said.
Ndu Ughamadu, the corporation's Group General Manager, Public Affairs Division, in a statement, said there was no plan to increase prices at the exdepot level and pump price ahead of the forthcoming Yuletide. "As am speaking to you now, 50 trucks are loading from Kano depot for onward distribution to various filling stations across the state", he said.
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Petrol shortages have brought Nigeria to a standstill in the last few years through day-long queues for fuel, widespread power cuts at businesses that rely on petrol-driven generators to withstand frequent power outages and grounded planes. When I said that independent marketers need the product most, I'm talking in relation to numbers of marketers that are members of IPMAN.
Okoronkwo said NNPC is not only a regulator, but also the sole importer of fuel in Nigeria, stressing that the agency can not lie about its operation. There is always more demand for refined products for petroleum during winter period in the colder countries, this is what we are experiencing now.
Another marketer at the depot who also spoke under the condition of anonymity said there were less activities at the depots due to an inadequate supply of the products by the NNPC.
He said "Immediately the issue came up, we contacted NNPC to know the situation of things and we were told that the rumours were unfounded and that they have written rejoinders to that effect".
"We will take time out to embark on a serious oversight".