It was also gathered that oil marketers were now free to sell petrol at any rate as the Federal Government was no more restraining them from dispensing the commodity at a regulated price.

me some months ago, and I told you that fuel would sell for N200 per litre. You were really not comfortable with that statement.

“After that publication, many stakeholders called you to react to it. Some of them also called me to say why did I say fuel would be sold at that price? But I was only discussing based on the indices of the industry at that time.

“As a PRO of IPMAN in Nigeria, I can read the policies of the government towards the distribution of products in the downstream oil sector. You look at the exchange rate of the dollar to the naira, some foreign interruptions and the price of diesel.

“All these are factors that definitely affect petroleum products’ prices since we are not producing refined products in Nigeria. We cannot sustain the importation of petrol.

“Otherwise, we will continue to see ghost queues every month and this may continue till the end of this year. The major solution now is to speed up the repairs of our refineries. However, we are meeting and looking for quick interventions.”

On his part, the Deputy National President, IPMAN, Zarma Mustapha, stated that the queues would likely continue till December, but noted that efforts were on to address the hitches.

He said, “The on and off queues are due to issues of logistics in terms of supply of the commodity to the retail outlets from either the mother vessel to the private depot owners, and from there to independent and major marketers’ stations.

“There are a series of logistics issues as regards the supply chain. But the government and stakeholders are engaging in order to get a solution to these issues. However, we believe that this will be addressed, though it may drag beyond December.”

Also speaking, the Secretary, Abuja-Suleja IPMAN, Mohammed Shuaibu, stated that the current challenges of poor distribution and supply shortage of petrol might lead to widespread queues for PMS during the festive period in December.

“Our worry as marketers is that the festive month is at hand and if nothing is done quickly to address the current concerns around supply, I am afraid that it will escalate during the festivities, because it has started,” he stated.

Shuaibu described the situation as very precarious, stressing that it was the government that had the capacity to address it through the NNPC.

“We are in a very precarious situation and we pray it does not escalate beyond this. But then, the government has to wake up to its duties, because as you know, none of the four refineries is productive. They are more or less obsolete,” he stated.

Shuaibu called on the government to act fast in getting the refineries functional, describing this as the “most sensible solution at this moment.”