PREMIUM TIMES
The Major Oil Marketers Association of Nigeria, (MOMAN), has attributed the lingering fuel scarcity in the country to high costs of vessels and inadequate trucks to deliver petroleum products from depots to filling stations across Nigeria.
The marketers explained that these high logistics and exchange rate costs continue to put pressure on their operations with ripple effects on the pump price.
In a statement on Friday, the marketers said the fuel queues are caused by exceptionally high demand and bottlenecks in the fuel distribution chain.
“The major cause is the shortage and high (US Dollar) costs of daughter’s vessels for ferrying product from mother vessels to depots along the coast,” it said.
“Next is the inadequate number of trucks to meet the demand to deliver products from depots to filling stations nationwide.”
MOMAN said it sympathises with Nigerians over the challenges they are facing in the purchase of petrol at filling stations across the…
