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No fuel shortage- Kachikwu

by CredibleNews

There is no imminent shortage of petrol in the country, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has assured Nigerians. He spoke with newsmen in Lagos,   boasting the country has gone past the era of fuel scarcity and urged motorists to desist from panic buying.

“I can say that there should not be any reason for fuel scarcity, we have gone past the era of fuel scarcity.

“Nigerian National Petroleum Corporation, NNPC, informed me when I made enquires that they imported enough. Yesterday, I saw a few pockets of scarcity in Abuja but I was told that it was Petroleum Equalisation Fund, PEF, related distribution issues and it will be sorted out as soon as possible.

“So, it is not an issue of lack of sufficiency, I am told they have about 28 day’s sufficiency, two weeks ago, they presently have between 14 and 15 days  product sufficiency,’’ he said.

The minister noted that the 28 days sufficiency is okay based on 50 million litres daily utilisation in the country. “I don’t expect to see a scarcity, I just expect them to work hard over the next few days to deal with whatever logistic issue they have. I will be working with the NNPC on that,’’ he added.

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