Punch|| Consumers are expected to get a little reprieve from the current scarcity of Premium Motor Spirit (petrol) from Thursday following the injection of about 100 million litres of the product into the system.
The Executive Secretary, Major Oil Marketers Association of Nigeria, Mr. Obafemi Olawore, told one of our correspondents that members of the body received 30 million litres of petrol from the Nigerian National Petroleum Corporation on Monday.
These, he said, were expected to be increased to 50 million litres on Tuesday (today) with additional 20 million litres from the NNPC.
“Today (Monday), the NNPC gave us 30 million litres of PMS and we expect another 20 million litres on Tuesday morning. This will bring us to a total of 50 million litres,” Olawore said.
According to him, Conoil and NIPCO have also imported 44 million litres of petrol.
“Conoil and NIPCO have brought in 22 million litres each, which brings us to another 44 million litres. Since the first quarter import allocation was given by the Petroleum Products Pricing Regulatory Agency last week, the marketers began importation and other major marketers are expected to bring their own before the weekend,” he said.
With about 100 million litres injected into the system and more expected to land in the country by the weekend, Olawore said consumers would soon begin to feel the impact of the fresh supply.
“By Thursday, we will start seeing the impact of the current development in fuel supply,” he said.