Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,015 members, 7,814,466 topics. Date: Wednesday, 01 May 2024 at 01:21 PM

Fuel Queues Resurface In Lagos, Marketers Blame Depots - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Fuel Queues Resurface In Lagos, Marketers Blame Depots (10286 Views)

Gridlock As Fuel Queues Resurface In Lagos / Queues Resurface As Tinubu Announces Fuel Subsidy Removal / Marketers Blame Oil Price, FOREX As Cooking Gas Price Rises Again (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Fuel Queues Resurface In Lagos, Marketers Blame Depots by HenryThegreat1(m): 5:41am On Nov 23, 2022
Long queues surfaced in Lagos on Tuesday as motorists spent hours at filling stations while waiting to buy the product.

The situation was worse in Ikosi-Ketu, Arepo area of New Lagos, Obalende, Maryland and Iju-shaga in Lagos State.

Commuters lamented the hike in prices of transportation fares in the state on Monday and Tuesday, as petrol was sold between N195 and N200 per litre.

Queues were also reported along the Alausa Secretariat road, as the NNPC (former Oando) was closed to motorists. The same situation was also noticed at Total filling stations in Ojota and Palm Grove.

Stations such as Mobil and Fatgbems along Berger also had long queues and sold at N200/litre.

Long queues were also reported at Lekki.

Heyden filling station at Ilupeju, though sold fuel, had a long queue of vehicles waiting to buy the product.

The Independent Petroleum Marketers Association of Nigeria blamed it on the depots and the increasing difficulty in accessing petroleum products.

National Controller, Operations, IPMAN, Mike Osatuyi, told The PUNCH in an interview that members of the association could not get sufficient products at the depots.

“No fuel. Even when we were able to get small quantity, DAPPMAN sold it to us at N200/N202 per litre. By the time we transport it to our stations, the cost would be around N210/litre,” he said.

He added that getting petrol to members’ filling stations from the depots now cost as much as N200 per litre in some instances.

DAPPMAN’s Chairman, Dame Williams Akpani, had, during a chat, told The PUNCH that the fuel crises persisted due to logistics challenges.

She said bad roads, resulting in petrol trucks taking one week instead of three days to arrive in Abuja from Lagos, was also responsible.


Spokesperson for state oil company, the Nigerian National Petroleum Corporation Limited, Garba Deen Mohammed, could not be reached for comment as his phone was switched off as of press time. Messages sent to his phone were not also delivered.

Meanwhile, oil marketers are lamenting what they call the imposition of a 0.5 per cent tax on the gross turnover of the petroleum by the Finance Act.

The Depot and Petroleum Products Marketers Association’s Executive Secretary, Olufemi Adewole, on the sideline of the maiden edition of the Platforms Africa Continental Forum held on Monday in Lagos, said the tax could shut down businesses and also fuel scarcity crisis if the Federal Government went ahead to implement the new tax regime.

Adewole explained that petroleum marketing firms’ trading margins were too small, and that they would not afford to pay such an amount sustainably.

Adewole said, “Petroleum marketers operate a very low margin, but the turnover is very huge. Unfortunately, the margin does not correspond with the turnover.”

He disclosed that the margins marketers were getting when a litre of fuel sold for N40 was the same they were still getting when it rose to N160 and N200.

According to him, “The Finance Act 2020 says the marketers have to pay 0.5 per cent from their gross turnover by the end of this year.

“It is unimaginable that probably, half of the petroleum marketing firms existing now may go under if the new tax regime is implemented, except the regulator, which is the Nigerian Midstream and Downstream Petroleum Regulatory Authority, approves a new margin for the marketers,” he said.

It would be recalled that oil marketers had recently lamented scarcity of foreign exchange, which, according to them, threatened the importation and distribution of petroleum products across the country.

The fuel queues were coming on the heels of a letter dated October 28, 2022, by the Nigeria Union of Petroleum and Natural Gas Workers to the Lagos State governor, Babajide Sanwo-Olu, over harassment, intimidation and extortion of petroleum tanker drivers by some community youths under the name, Indigenous Unity Forum.

Part of the letter read, “We are deeply constrained to bring to your urgent attention, the unwholesome activities of some criminal elements parading themselves along Lekki Free Trade Zone Road, Eleko Ibeju, Lekki, as community youths under the name of Indigenous Unity Forum, harassing, intimidating, and extorting money from every petroleum truck drivers, who are NUPENG/PTD members plying the road.

“We have no other obligation than to demand that your Excellency, as a matter of urgency, put a final stop to the unwholesome activities of these criminals and similar elements across the state. Otherwise, we would have no other option than to direct our members, for the sake of the safety of their lives and property, to stay off the entire Lagos State until sanity, law and order are restored.”

https://punchng.com/fuel-queues-resurface-in-lagos-marketers-blame-depots/

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Deltafirstson(m): 5:42am On Nov 23, 2022
Legacy apc as a political party is leaving behind.

14 Likes 1 Share

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by alsudan: 5:42am On Nov 23, 2022
Subsidy is a Scam (Buhari), yet subsidized for 7 and half years.

Now no money to continue with full payments, hence the definite price increase.

Nigerians will buy fuel for 400 naira (already 300 in the North) before the elections.

Just maybe the foolish tribal and religious bigots amongst us will do the right thing and reject APC.

31 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Nobody: 5:42am On Nov 23, 2022
Fuel is now ₦300 per litre

And they said we shouldn't vote obidiently

32 Likes 1 Share

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Macphenson: 5:44am On Nov 23, 2022
okoo
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by yinkus6750(m): 5:49am On Nov 23, 2022
Everything is going wrong
Official 169 / litre fuel now selling for 220.
The suffering keeps increasing..
Surviving in this hard times is terrible.
Let's be wiser come 2023.

15 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by JASONjnr(m): 6:09am On Nov 23, 2022
They're going to increase the price again...

Before 2024, a litre of PMS should be selling at 1000/ltr.
Buhari's legacy oh...Championed by Tinubu, the party national leader....

9 Likes 1 Share

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by BogitechNG(m): 6:46am On Nov 23, 2022
yinkus6750:
Everything is going wrong
Official 169 / litre fuel now selling for 220.
The suffering keeps increasing..
Surviving in this hard times is terrible.
Let's be wiser come 2023.
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by gabazin080(m): 6:46am On Nov 23, 2022
na to japa from this 9ja sure pass

5 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by ponlear(m): 6:46am On Nov 23, 2022
The APC effect !

That’s the result of voting clueless, helpless and dumb heads into power.

Sooner, fuel will officially sell for N500/Litre

Again, We’ll know the number of sick people we have in Nigeria after the election. Cos only a sick man will vote for Tinubu.

8 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by yesloaded: 6:47am On Nov 23, 2022
This country will never stop to amaze me, we have crude oil but our refinery not functional just because few people are making huge amount of money out of this misfortune

Incumbent administration promised us functional refinery but we are yet to see one till today even after 7years and 6months

Nigerians need to wake up to reality

6 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by DLSReigns: 6:47am On Nov 23, 2022
Will Nigeria ever gets it right? Time will tell.

1 Like

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Curious345: 6:47am On Nov 23, 2022
Sad..

Fuel to sell for N510 in January
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Uzorfresh: 6:48am On Nov 23, 2022
W‌atch to the end, furniture designs that is on the next level
https://www.youtube.com/watch?v=HLiGeTpdmnI
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by tuoyoojo(m): 6:48am On Nov 23, 2022
Staying in this country itself is stressful

Imagine you struggle buy car

Hustle your money

To buy fuel for ur car again na wahala

I know as Christmas is coming, they want to cash out

Forget all this excuses they are giving

Na today road bad

7 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by zombieHUNTER: 6:48am On Nov 23, 2022
God punish APc and their supporters



Born to suffer pigs

9 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by solajacobs(m): 6:48am On Nov 23, 2022
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Samanza89: 6:49am On Nov 23, 2022
While in Akwa Ibom we are buying fuel for #240 per liter. Everything is now glaring. We are in for a long ride.
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by sukkot: 6:49am On Nov 23, 2022
deNet:
Fuel is now ₦300 per litre

And they said we shouldn't vote obidiently
obi plunge ndi anambra to 70 percent poverty. he is not the answer or the messiah .

2 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by NwaMamaIwota(f): 6:51am On Nov 23, 2022
Drugnibu Lagos
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Jeffyblaq(m): 6:51am On Nov 23, 2022
250 per Liter in Owerri as at yesterday...

Fvck it!
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by money121(m): 6:52am On Nov 23, 2022
Ok
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by chatinent: 6:52am On Nov 23, 2022
I've been saying it. APC is all shades of suffering.
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by onyxo76(m): 6:52am On Nov 23, 2022
gabazin080:
na to japa from this 9ja sure pass
honestly I dey consider cotonu seriously, the wahala for here na grade A now.

1 Like

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Boyooosa(m): 6:53am On Nov 23, 2022
Nigeria going back n forth since independence

1 Like

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Nobody: 6:54am On Nov 23, 2022
They are doing it deliberately because of 2 things.
To justify the planning of the removal of the audio subsidy, also to push the price extremely high for dangote to benefit heavily when his refinery starts to operate next year. By then, it might get to over 300 naira.
They don't care about the masses. A very good leader will build a working, modular refinery in every region within 4 to 6 years maximum, breaking the NNPC /dangote while buying crude oil locally and refining locally, making the money locally and boosting local productions..

Nigerian leaders are very wicked and selfish. All of them. No one excepted. Everyone of them are the beneficiaries of these scam.

4 Likes

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Akinsete19(m): 6:54am On Nov 23, 2022
Banana Republic

1 Like 1 Share

Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by EKONGKING: 6:55am On Nov 23, 2022
I said previously Nigeria is worse than a shith@le and Trump has to come up with a new word than shith@le to describe this country
Re: Fuel Queues Resurface In Lagos, Marketers Blame Depots by Bigchristo: 6:55am On Nov 23, 2022
HenryThegreat1:


https://punchng.com/fuel-queues-resurface-in-lagos-marketers-blame-depots/
Where are those who protested against Good luck Jonathan for fuel subsidy removal, all of you have been suffering and smiling buying the fuel triple of the price Jonathan left it yet nobody has protested oo, I now understand the real reasons why lots of people are hating on Peter Obi, Nigerians only want to accept two regions in power which is North and West any other region they will brutally criticize the person even if he or she is doing a great job, you people deserve something worse than Buhari

(1) (2) (3) (Reply)

Port Harcourt Refinery To Complete Test Run This Month / Jonathan's Inauguration To Gulp N5 Billion, Church Service N63 Million / 8 Drown In Lagos Boat Accident

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 29
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.