{"id":466,"date":"2023-08-30T08:45:53","date_gmt":"2023-08-30T08:45:53","guid":{"rendered":"https:\/\/arritoneconsult.com.ng\/blog\/?p=466"},"modified":"2023-08-30T08:46:21","modified_gmt":"2023-08-30T08:46:21","slug":"fuel-shortages-emerge-in-lagos-and-ogun-states","status":"publish","type":"post","link":"https:\/\/arritoneconsult.com.ng\/blog\/2023\/08\/30\/fuel-shortages-emerge-in-lagos-and-ogun-states\/","title":{"rendered":"Fuel Shortages Emerge in Lagos and Ogun States"},"content":{"rendered":"\n

Fuel Shortages Emerge reports of long queues forming at petrol stations for Premium Motor Spirit, commonly known as petrol, have surfaced once again in Lagos and Ogun states, as well as a few other locations within the South-Western region of Nigeria. While no such queues have been observed in the capital city Abuja and other northern states, concerns are growing as petrol depots in Lagos are reportedly experiencing dwindling supplies.<\/p>\n\n\n\n

Numerous filling stations, particularly those along the Oshodi-Ojodu Berger Expressway and sections of the Lagos-Ibadan Expressway, have witnessed queues extending onto the roads, causing traffic disruptions on the service lanes. The North-West filling station displayed the longest queue, offering petrol at N568 per litre, while others such as Eterna, NNPCL, TotalEnergies, and Mobil had shorter queues, pricing petrol at N568 to N570 per litre. However, some stations like Conoil, Enyo, and Oando at Berger in Lagos had no petrol to distribute.<\/p>\n\n\n\n

Fuel Shortages Emerge how totalEnergies stations were seen dispensing petrol, but one branch located on the Berger axis remained closed. Similarly, outlets like Worldoil, Fatgbems, and Quest in Ogun State decided to shut down their operations.<\/p>\n\n\n\n

A key figure in the Independent Petroleum Marketers Association of Nigeria, Akin Akinrinade, highlighted the challenges faced by depots, particularly due to pipeline vandalism which has persisted since July. This situation has led to product shortages, affecting Lagos and the broader South-West region. Akinrinade revealed that the Satellite Depot, where he serves as Chairman, hasn’t loaded any products in the past three weeks, and the NNPCL Retail depot is currently operating with limited product dispatching.<\/p>\n\n\n\n

The issue appears to be rooted in pipeline vandalism, prompting concerns about the reliability of fuel supply to the Lagos and South-Western regions. While the NNPC Retail, a subsidiary of the Nigerian National Petroleum Corporation (NNPC), owns 21 depots across the country, they have struggled to maintain operations due to pipeline vandalism. This has forced the NNPC Retail to rely on private depots to dispatch products.<\/p>\n\n\n\n

Amid these challenges, sources suggest that some depot owners have been unable to import products due to rising foreign exchange rates. Many filling stations have consequently closed their operations due to their inability to afford products given the high prices at the depots. Some have even resorted to reducing costs by shutting down some of their outlets.<\/p>\n\n\n\n

The situation has raised concerns about the balance between supply and demand. A representative from the Major Oil Marketers Association of Nigeria indicated that the demand for fuel now surpasses the supply. Despite efforts by the NNPC to decrease fuel imports, the private sector has not stepped up to fill the void, leaving the NNPC as the primary importer.<\/p>\n\n\n\n

Reports suggest that the fuel scarcity problem is not restricted to Lagos and Ogun states. While the South-South and North regions haven’t experienced queues yet, the reduced importation by NNPC might trigger similar scenarios in these regions.<\/p>\n\n\n\n

The fuel shortage comes against the backdrop of rising fuel prices since the removal of fuel subsidies. Prices have surged from an average of N180 to N200 per litre to a range of N614 to N700 per litre. Although unconfirmed, there were even rumors that the price could escalate to N720 per litre due to the impact of the exchange rate and global crude oil costs.<\/p>\n\n\n\n

Efforts have been made to alleviate the situation, including the rehabilitation of pipelines. The NNPC has also expressed plans to reduce its fuel imports once the Dangote Refinery begins producing refined petroleum products, as the corporation holds a 20% stake in the refinery. However, as the situation unfolds, concerns remain about the resilience of the fuel supply chain and its potential effects on consumers and the broader economy.<\/p>\n\n\n\n

for more news visit https:\/\/arritoneconsult.com.ng\/blog\/wp-admin<\/a><\/p>\n\n\n\n

for more educational post visit examhood.com.ng<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fuel Shortages Emerge reports of long queues forming at petrol stations for Premium Motor Spirit, commonly known as petrol, have surfaced once […]<\/p>\n","protected":false},"author":4,"featured_media":468,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[28],"tags":[],"class_list":["post-466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nFuel Shortages Emerge in Lagos and Ogun States - Arritone Consult<\/title>\n<meta name=\"description\" content=\"Fuel Shortages Emerge in Lagos and Ogun states raises concerns about supply disruptions, prices, and impact on consumers.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arritoneconsult.com.ng\/blog\/2023\/08\/30\/fuel-shortages-emerge-in-lagos-and-ogun-states\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fuel Shortages Emerge in Lagos and Ogun States - 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