Synthetic scarcity: Group petitions NNPC, petroleum minister over fuel lines

A civil society group, under the auspices of Concerned Nigerians, has implicated the Minister of State for Petroleum Resources, Timipre Sylva and the Group Managing Director of Nigerian National Petroleum Company (NNPC), Mele Kolo Kyari of complicity in the resurgence of fuel queues being experienced in filling stations in parts of the nation.

The group likewise declared that the NNPC remains in the understand of the independent petroleum marketers creating artificial shortage of petroleum items in the country.

It cautioned that the act of hoarding fuel might plunge the country into financial unpredictability, as it might grow out of control into inflation.

The petition was signed by the National Coordinator, Deji Adeyanju in Abuja on Tuesday and copied to the Minister of Petroleum Resources and the Group Managing Director of NNPC.

Recall that the Federal Government extended the timeframe for elimination of fuel subsidy by extra 18 months, a development that had at first triggered panic buying of petroleum products among Nigerians.

Adeyanju questioned why regulative bodies have not been intervening in the scenario, particularly not deeming it fit to prevail on independent marketers.

He regreted long queues throughout filing stations in the nation’s capital, including that the online marketers constantly close down their gates by 6:00 pm.

“As you might currently know, in current months, independent online marketers of petroleum products have actually participated in speculative acts of hoarding petroleum items, especially PMS, in a quote to criminally increase the costs, trigger artificial shortage and plunge the nation into widespread financial chaos.

“For example, filling stations across the nation’s capital are cluttered with long queues of cars looking for to buy fuel, while the independent marketers guarantee that their filling stations are shut for the day by 6pm.

“What is, however, deeply uneasy is that the regulators have actually not considered it necessary to call these independent online marketers to continue however buy to enable them take advantage of Nigerians. At a time when Nigerians are going through excruciating pain, an artificial fuel deficiency is the last thing they ought to fret about,” he mentioned.