Nigerian Bulletin » PPMC http://nigerianbulletin.com Share the Power. Join the Success - Nigerian Bulletin Fri, 30 Jul 2010 12:17:39 +0000 en hourly 1 http://nigerianbulletin.com/?v=3.0 ‘Major marketers behind artificial fuel scarcity’ – Vanguard http://nigerianbulletin.com/2009/11/03/%e2%80%98major-marketers-behind-artificial-fuel-scarcity%e2%80%99-vanguard/ http://nigerianbulletin.com/2009/11/03/%e2%80%98major-marketers-behind-artificial-fuel-scarcity%e2%80%99-vanguard/#comments Tue, 03 Nov 2009 08:19:35 +0000 Bunmi Awolusi http://nigerianbulletin.com/?p=11029 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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