The House of Representatives Committees on Petroleum Resources (Downstream and Midstream) have urged security agencies to clamp down on fuel marketers hoarding petrol and engaging in the arbitrary increment in the price of the premium commodity.
In a statement on Wednesday jointly signed by the Chairmen of the two committees, Ikenga Ugochinyere and Henry Okojie, the lawmakers said they reached out to the stakeholders in the petroleum distribution value chain to end fuel queues in the country.
The lawmakers said they have engaged the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), and the Nigerian Association of Road Transport Owners (NARTO) to mention a few.
“We have engaged extensively with them, with a view to ascertaining the cause of the resurgence of the fuel queues in petrol stations across the country,” their statement partly read.
“From our investigations, we have discovered that there is availability of petrol products. We have on good authority that we have in our storage facilities, at least, about 1.5 billion litres of petrol that can last for 30 days.
“It is however saddening to note that it is as a result of logistics challenge that the queues have resurfaced. These logistic issues range from difficulty experienced in transporting products from the mother vessels to onshore. Movement of products with marine shuttle vessels, disruption in the Escravos channels, etc.”