By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Independent News ExpressIndependent News Express
  • Home
  • International
    InternationalShow More
    G7 finance leaders seek non-tariff consensus in Canada, may face US pushback
    Ahead G7 Summit, Finance Ministers Seek Non-tariff Consensus In Canada, May Face US Pushback
    2 weeks ago
    Over 28,000 Women And Girls Killed In Gaza Since October 2023
    2 weeks ago
    Global Aid Cut
    New Report Reveals How Global Aid Cuts Affecting Women’s Organisations Aiding Women In Crises
    3 weeks ago
    UNICEF Raises Alarm Over 14m Children Worldwide At Risk Of Malnutrition
    2 months ago
    United Nations for Women
    In 8 Days, 830 Killed In Gaza – UN Women Raises Alarm
    2 months ago
  • Africa
    Africa
    Show More
    Top News
    From Child Soldiers To Carpenters In The Democratic Republic of Congo
    2 years ago
    Egypt: United States Embassy Cairo Organizes Women And Environment Week
    2 years ago
    PeacePro
    Military Intervention In Niger Republic Will Amount To Digging Africa’s Grave – PeacePro
    2 years ago
    Latest News
    ECOWAS Marathon Race Director Okon Congratulates Commission on 50th Anniversary
    6 days ago
    Africa Day: Majority of Africans Want African Nations Be Given Greater Influence In International Decision-making Bodies
    1 week ago
    Edelman Africa Launches Regional Advisory To Support Global Institution Growth In Africa
    3 weeks ago
    African Union Champions Artificial Intelligence for Africa’s Socioeconomic Transformation
    2 months ago
  • Corporate News
    • Media Outreach
  • Politics
    Politics
    Show More
    Top News
    Tinubu’s Ambition Suffers Setback, As Coalition Of APC Groups Shift Support To Atiku/Okowa Presidency 2023
    2 years ago
    PAN Chief Congratulates Akwa Ibom Governor-Elect, Says He’s Inspiration To Persons Living With Albinism 
    2 years ago
    Rejected Nominees: Lagos Assembly Action Was In Order, Obasa Declares
    2 years ago
    Latest News
    LG Election: Stakeholders Appeal To APC Not To Allow Chairmen Run For 3rd term
    4 weeks ago
    More APC Chairmanship Aspirants Reject Indirect Primary For Local Govt Elections In Lagos State
    4 weeks ago
    Youth Party Sets May 18 for Lagos LG Primary Elections, Slashes Fees For Women and PWDs
    1 month ago
    Oyo State Faces Herculean Task in Picking Makinde’s Successor – Chief Ayorinde
    2 months ago
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
    News
    Show More
    Top News
    Pa Abdulfatah Amoo Ayanwale
    Pa Ayanwale Dies At 76, Fidau Prayers Holds 8 August
    2 years ago
    Ondo Governor, Akeredolu Begins Construction Of First Flyover In Akure
    2 years ago
    Celebration Of Life: Reverend Adewumi Jegede Of Later House Of God Assembly Buried Amid Pomp
    12 months ago
    Latest News
    IMSUAA 2025: La-Ghost And Starblaze Could Draw Inspiration From Convention Theme
    5 hours ago
    IMSUAA 2025 Convention: Two Artistes From Lagos Chapter To Light Up Event
    1 week ago
    Lagos SWAN Celebrates Yeni Kuti On Her Special Day
    1 week ago
    Ado Ekiti Honours One of Its Own: A Tribute To Chief Tajudeen Oluyole Olusi
    1 week ago
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
    Entertainment
    Show More
    Top News
    Temi Otedola Makes Her Stage Debut In Motherland The Musical
    2 years ago
    Discover Exciting Programmes with Ease on GOtv
    2 years ago
    Nigerian Afrobeat Artiste WONDA Drops Captivating Summer Anthem ‘Ibiza’
    2 years ago
    Latest News
    Nigerian Idol Season 10 Live Shows Are Underway as the Top 10 Battle for Stardom
    1 week ago
    Nigeria Strengthens Fight Against Content Piracy Through Strategic Partnerships
    2 weeks ago
    Prestige, Impact: Why AMVCA is the People’s Award Show
    4 weeks ago
    Celebrating African Cinema: AMVCA’s Growing Influence in Global Entertainment
    1 month ago
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
    Lifestyle
    Show More
    Top News
    Sanwo-Olu Receives TAMPAN Award
    3 months ago
    HEPHZIBAH News… Nothing Against The Truth, But For The Truth
    1 year ago
    With Love From Ooni Of Ife, Celebrates Valentine Days With Newborn Babies With Assorted Gifts
    2 years ago
    Latest News
    Lagos SWAN Joins UN To Celebrate World Nutrition Month At Unilag Confab
    1 week ago
    Yemisi Shyllon Museum of Art and Toledo Museum of Art Launch Historic Cultural Exchange
    4 weeks ago
    Piracy in Africa’s Creative Sector: How Creators Can Protect Their Content
    1 month ago
    Fanti Carnival Returns To Lagos This Easter Sunday
    2 months ago
  • Business
    • Banking & Finance
    • Oil & Gas
    BusinessShow More
    Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu
    2 weeks ago
    Afreximbank
    Afreximbank Reports Strong Performance For Q1 2025 In Line With expectations
    2 weeks ago
    Pan-African Payment & Settlement System
    Nigeria Unlocks Intra-African Trade With New Pan-African Payment & Settlement System Policy Boost
    3 weeks ago
    Impact Of Online Trading Platforms Like Temu On Nigeria’s Economy
    3 weeks ago
    Unity Bank Launches GenFi, Targets Children, Teens With Gamified Banking Platform
    4 weeks ago
  • Health
    Health
    Show More
    Top News
    NCDC Activates Lassa Fever Emergency Operations Centre In Nigeria
    2 years ago
    UNAIDS: Fully Financing HIV Response In Africa Will Save Millions Of Lives
    2 years ago
    How To Avoid Urinary Tract Infections During Sex
    2 years ago
    Latest News
    Alimosho Football Coaches Council Set For Health, Safety Business Workshop
    2 weeks ago
    World Hypertension Day: Merck Foundation Commits To Improving Cardiovascular And Diabetes Care Across Africa
    3 weeks ago
    First Lady Gives Paediatric Support To Indigent Patients At Lagos General Hospital
    3 weeks ago
    Salt Awareness Week: CAPPA Urges Fed Nigerian Govt To Accelerate Salt Reduction Targets Regulation
    3 weeks ago
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Reading: Fuel Scarcity: Reps Committee Demands Clampdown On Hoarders
Share
Notification Show More
Aa
Independent News ExpressIndependent News Express
Aa
  • Home
  • International
  • Africa
  • Corporate News
  • Politics
  • News
  • Entertainment
  • Lifestyle
  • Business
  • Health
  • More
Search
  • Home
  • International
  • Africa
  • Corporate News
    • Media Outreach
  • Politics
  • News
    • Agriculture
    • Breaking News
    • Tech
    • Maritime
    • Crime
    • Art & Culture
  • Entertainment
    • Comedy
    • Movies
    • Music
    • Television
    • Concert & Events
  • Lifestyle
    • Fashion
    • Love & Life
    • Food & Drink
    • Travel & Tourism
    • Relationship
    • Sex
  • Business
    • Banking & Finance
    • Oil & Gas
  • Health
  • More
    • Sports
    • Aviation/Transportation
    • Deliverance Hour
    • Industry & Labour
    • Insurance
    • Interview
    • Judiciary
    • Metro
    • Opinion
    • Property
    • Religious
    • Romance
    • Science & Discovery
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Independent News Express > Blog > Business > Fuel Scarcity: Reps Committee Demands Clampdown On Hoarders
BusinessOil & Gas

Fuel Scarcity: Reps Committee Demands Clampdown On Hoarders

Last updated: 2024/05/01 at 8:34 PM
1 year ago
Share
SHARE

*Rep. Kolawole Sympathises With Nigerians

The House of Representatives Committee on Petroleum Resources (Downstream and Midstream) has called on security agencies to pick up hoarders of Premium Motor Spirit, also known as petrol, as the scarcity of the products continues to challenge Nigerians nationwide.

This is as the committee assures Nigerians that its findings reveal the availability of petrol, stressing that the logistical challenges that have made the product scarce are being addressed.

Addressing a press conference at the National Assembly Complex, Abuja, on Wednesday, the co-chair of the committee and Chairman, House Committee on Petroleum Resources (Downstream), Ikenga Ugochinyere, said although there was enough petrol to service the country for about 30 days, the supply and distribution to marketers was disrupted by challenges of transport vessels “That was supposed to take the products from offshore to onshore.”

- Advertisement -
Ad imageAd image

Ugochinyere, who represents Ideato North/South Federal Constituency of Imo State, said, “We strongly frown at the activities of middlemen who have taken advantage of the short disruption of supply, to maximize profit and generate an inordinate gain for themselves, at the detriment of our people.

“We hereby call on security forces to support the Nigerian National Petroleum Company Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Petroleum Products Retail Outlets Owners Association of Nigeria, the Nigerian Association of Road Transport Owners and other key stakeholders in the distribution chain, to ensure that acts of economic sabotage that has to do with hoarding, arbitrary increment in price, products diversion and smuggling are detected and dealt with.

“Our people have been through a lot in the last few days and we must not plunge them into further pains. We appeal to all traders and those rendering services not to unduly take advantage of this temporary challenge, which will be cleared in the next few days.”

Ugochinyere said, “It is so painful that Nigerians have been subjected to great hardship and pains as a result of the scarcity of petroleum products in the past few days. This development has led us as representatives of the people, to engage with the regulators of the relevant sectors to find out the cause(s) of this scarcity and provide solutions to same.

“We express our concerns over the temporary presence of fuel queues in petrol stations nationwide. This has adversely affected the lives and businesses of Nigerians across the country. As elected representatives of the Nigerian people, we are greatly disturbed by this development.

“However, we are convinced that this is temporary and that we will get over it in a few days. From our investigations, we have found out that petrol products are available. We have it on good authority that we have at least 1.5 billion litres of petrol in our storage facilities that can last for 30 days.

“It is, however, saddening to note that it is as a result of logistics that the queues have resurfaced. These logistic issues range from difficulty in transporting products from the mother vessel to the respective petrol stations. Movement of products from offshore marine vessels to the stations, disruption from Escravos channels.

“We have gotten the assurances from the regulators in the value chain that these bottlenecks are being cleared. In the course of this public holiday, more grounds will be covered. From our findings, the issues that necessitated the disruptions which led to the appearance of fuel queues in petrol stations have been cleared,” he said.

Hon. Akinlayo Davidson Kolawole

Another House of Representatives Member Hon. Akinlayo Davidson Kolawole has also described the latest fuel crisis in Nigeria as an unwelcome development.

Hon. Kolawole, who represents Ekiti North Federal Constituency II, called on relevant Stakeholders in the Oil Industry to as a matter of urgency fashion way to resolve all issues related to the supply of the Petroleum products inorder alleviate the sufferings of the masses.

Hon. Kolawole spoke with journalists in Ado Ekiti through his mobile phone from Abuja.

The politician described the latest fuel scarcity across the land as a delibrate wickedness against Innocent Nigerian Masses by some Petrol Marketers.

“What Nigerians are passing through at getting premium motor spirit PMS for the past few days is unfortunate and unwelcome development”.

Hon. Kolawole sympathised with all Nigerians, Ekiti People, especially his Constituents and urged them to be patient while expressing optimism that, the fuel crisis would be addressed within the week.

You Might Also Like

Lagos Will Continue To Lead Initiatives That Accelerate Economic Diversification – Sanwo-Olu

Afreximbank Reports Strong Performance For Q1 2025 In Line With expectations

Nigeria Unlocks Intra-African Trade With New Pan-African Payment & Settlement System Policy Boost

Impact Of Online Trading Platforms Like Temu On Nigeria’s Economy

Unity Bank Launches GenFi, Targets Children, Teens With Gamified Banking Platform

TAGGED: Fuel Scarcity
INadminNG May 1, 2024 May 1, 2024
Share This Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Print
Previous Article NCC Boss, Dr Maida Counsels Mobile Network Operators On How To Reduce Operational Costs
Next Article Nilayo Sports Ltd Congratulates Chief Ogba On His Birthday
about us

Independent News Express (iNews Express), a publication of 4Ds Nigeria Limited, is birthed out of the desires of the founding fathers to report News as it is.

We value Professionalism, Excellence, Service, Creativity and Integrity.

The Company

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

Quick Links

  • Advertise with us
  • Newsletters
  • Deal

Categories

Find Us on Socials

© Independent News Express. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?