Thursday, March 19, 2015

[PHOTO] Petrol scarcity resurfaces as marketers cut imports #NIGERIA

Image result for Petrol scarcityImage result for Petrol scarcity

A week after queues of desperate motorists disappeared from filling stations, the nation is in for another round of fuel scarcity as marketers have significantly because they are unsure of the continued payment of subsidy on the product after the general elections.
Findings by.....
our correspondent showed that major oil marketers, who import a large chunk of petrol consumed locally, were stalling on further importation of the product and not ready to tie their money down owing to fears that power could change hands after the general elections.
The marketers, our correspondent learnt, were keen about minimising losses, which could occur as a result of developments in the political arena; hence the return of queues at filling stations in Lagos, Abuja and other major cities in the past three days.
In Lagos, some filling stations were shut on Wednesday as their owners claimed they were not getting supplies from the depots.

Culled - Punch

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