By Shaka Braimah
As Nigerians grapple with recurrent fuel scarcity in parts of the Country, the Major Oil Marketers Association of Nigeria, MOMAN, has attributed the current scarcity to inadequate supply of the product and distribution challenges occasioned by the continuous surge in international prices of Automotive Gas Oil (diesel)
In a statement, the Chairman of MOMAN, Mr Olumide Adeosun, says its members are working with the NNPC/PPMC, NARTO and other industry stakeholders to make the product (petrol) available at the pumps and eliminate the queues as quickly as possible.
It however, noted that the current supply framework by government may not guarantee steady and consistent supplies, given the current state of Government’s
finances and unpredictable international supply shortages.
The Association, therefore, recommends a gradual price deregulation with targeted palliatives on transport and agricultural subsidies to the public to ease implementation.
However, MOMAN has recommended that the current single supplier strategy be reviewed; that the Federal Ministry of Petroleum Resources, in collaboration with the Ministry of Finance and other relevant MDAs, should set up a taskforce to immediately focus on increasing diesel supply through accelerated initiatives to increase local modular refining capacity.
This move will tackle the supply and distribution challenges.
It also recommend phased rehabilitation of existing NNPC refineries to hasten supply of middle distillates (AGO & ATK).
It says the Association recognizes and closely associates with the need to ease challenges with respect to high energy and transportation costs occasioned by extraneous circumstances.
MOMAN pledges that it will continually do its best to distribute petrol to its customers across the country and keep exploring opportunities to partner with industry stakeholders, The. Authority, and the Government to ensure the sustainability and institutionalization of a viable petroleum downstream sector in Nigeria.
It believes that the full deregulation of the petroleum downstream sector and full implementation of the
Petroleum Industry Act (PIA) 2021 clearly remains the most viable long-term solution to the country’s supply and distribution challenges.