Fuel queues : Major Oil Marketers to extend depots loading hours

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Fuel queues :
Major Oil Marketers to extend
depots loading hours

…Ready to open petrol stations for longer hours

As Nigerians continue to spend hours at the filling stations to buy Premium Motor Spirit (PMS), commonly known as petrol, the Major Oil Marketers Association of Nigeria (MOMAN) sympathises with Nigerians over the challenges they are facing in the purchase of fuel at filling stations across the country.

As such, MOMAN members have again agreed to extend depots loading hours, as well as keeping strategically situated service stations open for longer hours, in order to ease access to product for customers.

These decisions formed part of the press statement released by
MOMAN, expressing its concern about the challenges faced by Nigerians following the lingering fuel scarcity nationwide.

The statement reads : “MOMAN sympathises with customers and Nigerians over the challenges faced in the purchase of petrol at filling stations across the country.”

The statement added : “These queues are caused by exceptional high demand and bottlenecks in the fuel distribution chain.

“The major causes are shortage and high (US Dollar) costs of daughter
vessels for ferrying product from mother vessels to depots along the coast.

“Next is inadequate number of trucks to meet the demand to deliver product from depots to filling stations nationwide.

“These high logistics and exchange rate costs continue to put pressure on prices at the pump.”

The statement continues : “Over the past three months, staff and management of MOMAN companies have worked diligently at depots and filling stations to relieve the stress faced by customers through the Christmas and New year period.

“Our members have again agreed to extend depot loading hours, as well as keeping strategically situated service stations open for longer
hours, to ease access to product for our customers.

“MOMAN shall continue to use its best endeavours to ensure that product is sold at the pump at prices currently approved by the Regulatory Authorities, despite pressure on price by demand and costs in our immediate operating environment.

“A final resolution to these challenges will be full deregulation of the petroleum downstream sector, to encourage liberalisation of supply and long-term investments in
distribution assets. We urge the government to work towards this end goal.”