..

AllBlack:

That issue is restricted to Abuja alone.

Nukilia:

That issue is restricted to Abuja alone.

The suffering is mad.
I have a bad feeling this will last till the year ends.
The silence over this issue is amazing.

AllBlack:


The suffering is mad.
I have a bad feeling this will last till the year ends.
The silence over this issue is amazing.

That's how everyone is silent over critical National matters

First there was the importation of off-spec PMS around end of January 2022.


Then there were attempts to recall the offspec product which led to the first scarcity.

While this was ongoing, diesel price skyrocketed. War Ukraine happened, Naira lost more value and crude oil price went up as well. This led to high landing cost of petrol, diesel and kerosene (both house hold and aviation turbine type).

Tanker truck drivers who used to be paid the hullage/ bridging cost of transport between Lagos and the North, by the Federal Government, informed that what the Government was paying them transporting the products to the north and selling at the regulated price for petroleum equalization was no more enough. What they were paid was way below what they spend on diesel for their tanker trucks to transport products from the coast (Lagos, Port Harcourt, Warri, Calabar/Eket) to the hinterlands.

Government negotiated the price but this is still not enough or satisfactory to tanker truck owners and marketers.

As it stands, no marketer wants to transport product to Abuja as what the government pays for equalization as part of the subsidy program does not favour them in terms of margins. In fact they run at a loss with the current cost of diesel. Besides the Government has also been accused of owing some transporters.

So as it stands things will not look nice for Abuja in terms of petroleum products supply until:

1. The price of diesel comes down
2. Government reviews and increases the PEF Payments
3. There is a cheaper (yet safer) alternative means of transport
4. There is full deregulation of the market

10thTenthMan:

What they were paid was way below what they spend on diesel for their tanker trucks to transport products from the coast (Lagos, Port Harcourt, Warri, Calabar/Eket) to the hinterlands.

Government negotiated the price but this is still not enough or satisfactory to tanker truck owners and marketers.

Just look at that. What is there to negotiate? Why not pay what is required to ensure steady haulage of products as an immediate first aid approach if the government really has the interest of people at heart?

AllBlack:


Just look at that. What is there to negotiate? Why not pay what is required to ensure steady haulage of products as an immediate first aid approach if the government really has the interest of people at heart?

They have just announced the approval of the increment in freight rate.

10thTenthMan:


They have just announced the approval of the increment in freight rate.

Let’s hope normalcy returns as a result. Those station attendants are making a killing from selling to black marketers and queue-jumpers.

QuotaSystem:


Let’s hope normalcy returns as a result. Those station attendants are making a killing from selling to black marketers and queue-jumpers.

and that is becoming the new normal. black market everywhere like we are in a certified war zone. irritating