Business
Fuel Supply Improves In PH
Fuel supply in Port
Harcourt, the Rivers State capital, and its environs has shown remarkable improvement.
Our correspondent who monitored the situation said though the long queues were still present, more filling stations were selling the product.
Chidubem Njikoka, a Port Harcourt-based taxi driver who also spoke on the situation accepted that the situation has shown remarkable change.
“Sincerely speaking, there is an improvement. You can get petrol from more stations but the queues and hardship have not gone yet”, said the driver.
Investigations by The Tide have also shown that the price per litre has reduced from the N140.00 to N110 but consumers are still apprehensive.
But fares in the routes where transport fares had been increased have not been reduced, apparently due to fears that there could be possible relapse.
The federal government has announced that enough products have been imported into the country and that most depots now have enough supply.
Group Managing Director, NNPC, Mr. Andrew Yakubu said products were available at tank farms in Lagos and that before the weekend enough products would be in the city.
Marketers have expressed hope that from today, the issue of scarcity would be over.
“Black marketers and others who hoard the products to make profit out of the scarcity situation may experience bad market if they are not smart enough to sell off,” said an attendant in one of the stations.
However, a source from the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) doubted the possibility of getting enough fuel this week.
According to the PEGASSAN official, it would take about two weeks even if the products are present at the depots, to be distributed to the filling stations across the nation.
Chris Oluoh