'FUEL SCARCITY TO LAST FOR TWO MORE MONTHS' - IBE KACHIKWU

At a time Nigerians are awaiting respite from the pangs of the lingering gas scarcity in the Country, Minister of state for Petroleum...



At a time Nigerians are awaiting respite from the pangs of the lingering gas scarcity in the Country, Minister of state for Petroleum, Mr. Ibe Kachikwu, has dashed their hopes, declaring that the modern queues at fuel stations would persist till May.

The minister, who doubles as group handling Director of the Nigerian countrywide Petroleum organization, NNPC, says he is not a magician to make the queues disappear in a single day.

In step with him, it's miles even a “magic” that the stations are still getting quantity of merchandise they dispense to the general public, judging from the winning situations at NNPC. The minister additionally revealed that NNPC’s import fees had moved form 50 according to cent to all-time rate of one hundred percent, pronouncing the 445,000 barrels allotted to crude swap now provider 50 to 55 according to cent importation of refined product.

But giving a glimmer of desire on the way to acquire lasting approach to the product scarcity, Kachikwu said government is working really hard to beef up the reserves. He stated that after the refineries come on full circulation, locally delicate merchandise might be left unsold within the reservoir to enhance deliver and availability of the products.

The minister turned into fielded questions from nation residence correspondents after main officials of Nigeria Union of Petroleum and herbal gas, NUPENG, and Petroleum and herbal fuel Senior team of workers affiliation of Nigeria, PENGASSAN, to a meeting with President Muhammadu Buhari on the Presidential Villa, Abuja,the day gone by.





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CANTELLA: 'FUEL SCARCITY TO LAST FOR TWO MORE MONTHS' - IBE KACHIKWU
'FUEL SCARCITY TO LAST FOR TWO MORE MONTHS' - IBE KACHIKWU
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