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GOVERNMENT DENIES PRICE HIKE AS MASSIVE FUEL LOADING BEGINS TO SMASH SCARCITY

By Ikeoluwa Simeon…/

The Vice-President, Prof. Yemi Osinbajo, on Monday restated that the Federal Government has no plan to increase the pump price of petrol in 2018. Osinbajo gave the assurance during his visit to fuel depots in Lagos where he monitored the loading of trucks to ensure steady supply of petrol to designated filling stations.

Osinbajo visited some major fuel depot terminals and stakeholders in Apapa and other parts of Lagos on Christmas Day. According to the Vice President, the scarcity facing the country is as a result of shortage of supply to depots across the country.

 

“The President is very much concerned about Nigerians and how we can quickly end the fuel scarcity crisis in the country. The fuel crisis presently confronting the country is as a result of shortage of supply of fuel to depots across the country.

He said that any marketer hoarding petroleum products for the purpose of making extra profit will be dealt with by the enforcement agency saddled with the responsibility of regulating the sector.

 

Meanwhile, Mr Tayo Aboyeji, the South-West Chairman of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), on Monday confirmed that massive loading of petrol is ongoing at different depots in Lagos.

Aboyeji, who made the confirmation in Lagos, assured Nigerians that the current scarcity of fuel will end in the next two days.

According to the chairman: “I am glad to tell you that the product is now available and today, being Christmas holiday, tanker drivers are waiting to collect the product.

“Nigerian National Petroleum Corporation (NNPC) is now making use of Major Marketers Association of Nigeria (MOMAN) tank farms to distribute petrol.

“This is to accelerate the product to different locations. As I am talking to you, our members are taking the product out of depots to filling stations across the country.

“To make it quicker, NNPC is also using Folawiyo depot, Aiteo and NIPCO depots and I can tell you that the rate at which loading is taking place now, the crisis will soon be over,” he said.