Minister of State for Petroleum Resources, Ibe Kachikwu, has once again assured Nigerians that the current scarcity of Premium Motor Spirit (PMS), also known as petrol, will end by next week.
Speaking to newsmen on Wednesday at the end of the Federal Executive Council (FEC) meeting presided over by President Muhammadu Buhari, the minister was affirmative that every part of the country will be adequately supplied with fuel in a week’s time.
Kachikwu also said that government is currently solving the problems they met on ground created by previous administrations. He further explained that fuel queues are caused by saboteurs in the country.
Kachikwu who also doubles as the Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC) revealed that the Department of Petroleum Resources (DPR) has been assigned to deploy officials to ensure products are sold at the right price because it is only through price stabilization that will bring an end to queues.
According to the minister: “As at today we are delivering about 1,200 trucks, by weekend we should be delivering same number of trucks.
It will take a bit of days to even out but you can see improvement already.
“I hope by the end of next week with the refineries helping us to stay on course, every part of the country will get fuels.”
The Minister added: “Some people rather than sell products send them into inter lands where they can sell at ridiculous prices. Therefore you are having these price distortions where people are making a lot of money.
“Some are internal and some are external, but the truth is that the marketers trying to make quick returns on their investments wrongly.”
