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Business News of Tuesday, 20 April 2021

Source: thenationonlineng.net

Why petrol queues resurfaced in FCT, by IPMAN

The photo used to illustrate the story The photo used to illustrate the story

Petrol scarcity has hit the Federal Capital Territory (FCT) with its resultant queues around the stations because the Petroleum Tanker Drivers (PTD) went on strike last week.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) National Vice President Abubakar Maigandi revealed this to The Nation on Tuesday.

He said the drivers have called off their strike and hopefully petrol will be sufficiently available before weekend.

He said: “The cause of this petrol scarcity is the Petroleum Tanker Drivers went on strike last week. They have now called off their strike so the petrol should circulate adequately before weekend”.

Most of the independent marketers in the FCT ran out of petrol since weekend.

This has resulted in a few major marketers and the Nigerian National Petroleum Corporation (NNPC) retail outlets selling the product.

The situation has led to the scarcity and black marketing of the petrol in the FCT.