Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Nigeria: Petrol shortage to persist as Satelite Depot shuts down

  • Comments   -   Monday, 25 April 2016 - 14:10

(Ecofin Agency) - The fuel scarcity situation in Nigeria is expected to worsen especially in Lagos as technical faults have made the Satelite Depot to shut down.

The depot which shut down over the weekend has affected efforts to distribute fuel in Lagos.

As I speak with you now, the depot is not functional, it broke down a few days ago worsening distribution efforts of marketers,” Alamu Ayo, Chairman Independent Petroleum Marketers Association of Nigeria (IPMAN) Satelite Depot told Leadership news.

He noted that the Satelite and Apapa depots are the major products holding facilities for the South West but none of them had the product as at last week.

I want to specifically tell you that throughout last week, combined capacity of the two depots were in no way able to serve Lagos. We (Marketers) the whole of last week were given between 6-8 trucks daily as against 102-105 trucks in the past. If we maintain that tempo, we will not have this long queues in Lagos, but the truth about the matter is that there is no product, and we are at the moment rationing what we have,” he said.

The Nigerian National Petroleum Corporation (NNPC) had said that an overall 1,082 trucks of petrol were allocated all through the country on Friday but still the country is grappling with severe shortage of the products.

The Minister of State for Petroleum Resources has said that the Port Harcourt and Warri refineries have begun operation producing 5 million and 2 million litres of petrol aimed at easing the fuel crisis in the country.

Anita Fatunji

 
Finance


 
Mining


 
Telecom


 
Public Management


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.