The continued scarcity of petroleum products in the market, Vice President Yemi Osinbanjo, Monday night, intervened with a crucial call to marketers on the best way to end the current fuel crisis, which had engulfed the country in the last couple of months.
The meeting was scheduled between the Minister of State for Petroleum Resources, Dr. IbeKachikwu, who suspended a meeting between him and major marketers, scheduled to hold in Lagos on Monday.
Minister told Vanguard that the suspension of the meeting was at the instance of the oil majors, saying, “The meeting was pushed forward to a future date because about three out of the five managing directors of the major oil companies were out of town.”
He added that “They requested I give them more time to see how far to regularize products supply in the market, as the scarcity eases.”
Kachikwu however disclosed that he is meeting with the independent marketers tomorrow (Tuesday) to discuss what they are doing as well as “touring their depots to see what is happening in them.”
Some marketers, who were supposed to attend the meeting, confided in Vanguard that “We were supposed to meet with the Minister of State for the meeting initially scheduled for 1pm, said the meeting could not hold because it was cancelled late last night (Sunday).
Kachikwu, who also doubles as the Group Managing Director, Nigerian National Petroleum Corporation, NNPC, was expected to plead with the marketers to resume fuel importation, particularly of premium motor spirit, PMS, or petrol, which is in very high demand in Nigeria, pending the release of the subsidy claims.
Vanguard
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