Expect No Fuel Shortages This Year End – PPPRA

Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, has assured Nigerians they will continue enjoying constant supply of Premium Motor Spirit (PMS), as the year runs to an end.

The Federal Government, through the Petroleum Products Pricing Regulatory Agency (PPPRA), has so far tried its best to ensure constant supply of petrol to every part of the country.

“As part of the drive to ensure constant availability of fuel as we move into the Muslim/Christian holiday period and the upcoming political activities leading to 2015 elections, the Minister of Petroleum, Mrs. Dieziani Alison-Madueke, has recently approved allocation to marketers to bring in additional fuel (PMS) into the country,” said Farouk Ahmed, Executive Secretary of PPPRA.

According to him, “Government’s commitment to its reform initiatives in the downstream, had resulted in constant supply and availability of PMS in all parts of the country, as well as ensured that the price of the product in the traditionally-high-price areas in the Northern and Eastern parts of the country dropped considerably during the year.

“As the year progresses, we also expect to see a reduction in the financial strain of the subsidy on the budget as the price of crude oil falls, thereby reducing the landing cost of PMS and the subsidy contribution from the Federal Government,” Ahmed explained.

He assured consumers of adequate supply of quality products in line with international best practice.

He however appealed to Nigerians not to engage in panic-buying or product-hoarding, as the PPPRA, in conjunction with the Department of Petroleum Resources (DPR), would ensure that consumers were not taken advantage of in any way.

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