Petrol Scarcity Looms as Navy Holds Fuel-Laden Vessels Hostage!

Nigerians might have to cope with yet another round of scarcity of Premium Motor Spirit, commonly referred to as petrol. Street Journal’s findings have revealed that the fuel currently being used in the country is the last batch from the reserves.

Street Journal’s investigations have also revealed that since the appointment of new service chiefs recently, naval officers have prevented fuel-laden vessels at the Ports from discharging their contents, despite the fact that some of the ships had arrived before the change of baton.

The development is likely to cause untold hardship to both citizens and the government. While the citizens will have to cope with the scarcity of fuel which will adversely affect the economy, the Federal Government is already losing revenue which might runs into hundreds of billions as demurrage will be paid as a result of the delay in the process of discharging the product on the vessels.

While it is the duty of the Nigerian Navy to protect the nation’s territorial waters, their action at the ports have already started generating questions bordering on why some of the vessels were prevented from discharging their products, especially the ones that arrived the ports before the service chiefs were appointed.

An official of the NNPC who spoke on the condition of anonymity disclosed that “if the situation is not urgently taken care of, we might again find ourselves in a situation of scarcity where queues would spring up again at filling stations and businesses will start suffering because the reserve is already being depleted.”

Author: NewsAdmin

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