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Thursday, May 26, 2022

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Disruption in fuel supply chain an accident, says Petroleum minister

Nigeria’s Minister of State for Petroleum Resources, Timipre Sylva has described the ongoing nationwide fuel scacity as an accident which will end soon.

The minister, who said this while briefing journalists after a meeting with some key leaders in the petroleum industry on Thursday, noted that; “This kind of supply disruptions are like accidents.” 

Sylva spoke shortly after meeting with the Group Managing Director of state oil firm NNPC Limited, Mele Kyari and the Chief Executive Officer of Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed and noted that the supply disruption was unplanned. 

“This kind of supply disruptions are like accidents, they are not desirable, we do not expect them to happen, but they happen once in a while,” he said. 

“This administration has done well as far as fuel supply is concerned. I am quite happy to hear from the NNPC GMD and CEO of NMDPRA on all they have been doing to ensure the scarcity is controlled.

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“From what they have told me, in a few days, there will be normalcy, everybody is putting efforts to ensure that supply disruption is overcome.

“On my part as minister of state, I share their commitment to ensuring that this problem is totally overcome.”

According to him, the disruption is further exacerbated by the practice of hoarding by marketers.  

“From all the figures shown to me, the supply is there, so why are they hoarding it, in the next few days, we will be able to overcome those unscrupulous elements and make sure products get to Nigerians,” he said. 

Last month, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had confirmed that petrol which contain methanol above national specification was imported into the county.

It was in the process to recall the off-spec petrol from circulation that led to the disruption in the supply chain, causing long queues at filling stations.

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