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Fuel Scarcity Why queues are still long – DAPPMA

Meanwhile, depot owners in the country are said to be worsening the fuel scarcity by selling a litre of petrol for over N120 instead of the official depot price of N76.50 per litre.

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Fuel Scarcity play

Fuel Scarcity

(NAN)

The Depot and Petroleum Products Marketers Association (DAPPMA) has said that queues at petrol stations are still long because there is no foreign exchange to bring in cargoes.

The disclosure was made by the Executive Secretary of the association, Olufemi Adewole, The Guardian reports.

“The queues are still long because there is no foreign exchange to bring in cargoes. For now, there is inadequate forex. If we get the forex, we will be able to bring in the cargoes and supply all our customers,” he added.

“I am yet to confirm those who have received forex for their import, some of our members are supposed to import in April, May and June, but I don’t have the details of those who have received the forex intervention now, I believe that the Central Bank of Nigeria (CBN) and NNPC are working on it.

“The much that we have in circulation right now is from our members and NNPC imports, all hands are on deck to ensure that the fuel queues disappear in a short time.

“It is not something that will go in one day or two days, the situation has lingered for about two months now, so it could not go in one day. What we are working towards is to ensure that it disappears as fast as possible,” he added.

Meanwhile, depot owners in the country are said to be worsening the fuel scarcity by selling a litre of petrol for over N120 instead of the official depot price of N76.50 per litre.

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