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Petrol Cargoes ‘Stranded’
Scarcity To Continue

The biting petrol scarcity in Africa’s most populous country sees no end in sight.

Four of the 17 cargoes ordered by the Nigerian National Petroleum Company (NNPC) Limited, which have arrived, cannot discharge the product, Daily Trust reports.

This is happening at a time marketers say they cannot access the product at most of the NNPC depots nationwide.

Some of the marketers, who bought from private depots, are selling above the official price of N165/litre.

The NNPC had, last month when the scarcity started, cited the “importation of adulterated petrol” from Belgium.

In Abuja, Lagos and other parts of the country, black market operators currently sell for over N500 per litre; and many independent markets, N250/litre.

According to the data from Daily Shipping Position by the Nigerian Ports Authority, 29 ships bearing petrol cargoes are expected to arrive at four ports between this week and next week.

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