Business
Fuel Scarcity Set To Abate In Rivers …As Loading Resumes At PH Refinery
The scarcity of
petrol, otherwise known as Premium Motor Spirit (PMS), witnessed in the state for the past three weeks is set to abate this week with the normal loading of the refinery depot at Alesa, Eleme.
Investigation by The Tide revealed that normal loading will resume today at the Pipeline and Products Marketing Company (PPMC) depot, Alesa, Eleme.
An official of the Independent Petroleum Marketing Association of Nigeria (IPMAN), who pleaded anonymity said the management of the PPMC has notified the association of normal resumption of petroleum loading from Monday, March 17.
The official said the leadership of the association has cautioned its members against any form of hoarding of the product after loading.
He said the association is set to monitor the loading and delivery to the various filing stations in the state.
The official said with the sufficient supply of the petroleum product, filling station owners have been enjoined to sell at the approved price of N97 per litre.
The biting fuel scarcity in the last few weeks has seen the return of long queues to the filling stations across the State.
This development, The Tide investigation learnt, led to Premium Motor Spirit (PMS) price rising to more than the stipulated N97. pump price per litre.
Philip Okparaji