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‘Major marketers behind artificial fuel scarcity’ – Vanguard

November 3, 2009 by Bunmi Awolusi 

The Management of Capital Oil, an operator in the downstream oil and gas sub-sector has accused major marketers of petroleum products of masterminding the artificial fuel scarcity currently experienced across the country.

In a related development, the Department of Petroleum Resources, DPR, says it will seal petrol stations hoarding fuel in anticipation of the deregulation of the downstream sector of the oil industry.

However, normalcy returned to Lagos State yesterday following two days of fuel scarcity that pervaded the metropolis as oil marketers resume distribution of petroleum products.

Mr. Ifeanyi Patrick Ubah, Managing Director of Capital Oil accused the major marketers of being behind the recent fuel scarcity while speaking in Lagos yesterday. He added that the scheme was devised by the major marketers to blackmail the NNPC and its subsidiary, the PPMC, to discredit independent marketers and increase patronage to them.

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Source website: Vanguard


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  • The only solution to the problems that currently exist in the oil and gas sector in Nigeria is deregulation of the entire industry. That is why the passing of the new Petroleum Industry Bill is imperative to the future economic prospects of the country. Unfortunately, the majority of Nigerians are uneducated as to the revolutionary impacts that deregulation of the industry will have on the proper functioning of this critical sector to the Nigerian economy. Added to this are the inimical efforts of the vested interests including the NLC that continue to frustrate efforts at putting Nigeria's oil and gas sector on a growth path that will improve the overall economy and in the medium term eliminate the continued importation of oil and the flaring of gas.
  • Nameolabimpe balogun
    fuel scarcity That of Abuja is even d worse. some boys have no other things doing they wil stand in front of filling stations that claimed there is no fuel, but sel to them in d nigth,and be selling.law enforcement have to come to our rescue.
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