By Muyiwa Bamidele
There are indications that persistence short supply of gasoline across Nigeria may still linger for a while as Petroleum Products Pricing Regulatory Agency (PPPRA) attributed the current fuel scarcity in the country to the late payment of importers among other reasons.
The new Executive Secretary of Petroleum Products Pricing Regulatory Agency (PPPRA) Faruk Ahmed made the revelation during 2014 budget defence of the agency before the Senate committee on Petroleum downstream led by senator Magus Abe.
Ahmed also stated that issues of alleged federal government withdrawal of subsidy and panic buying in some party of the country are also some of the reason for fuel shortage.
The PPPRA Executive Secretary disclosed that as part of measure to address the current fuel crisis in the country, about 200 Million liters of petroleum product are being discharge across nation’ ports.
Meanwhile the chairman of the senate committee on downstream , Magus Abe advised all relevant agencies in the petroleum sector to see to the prompt payment of the supply by importers.