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Major petroleum marketers to flood market with 300m litres

EconomyFoot Print by EconomyFoot Print
April 30, 2024
in Industry | Trade | Commerce, News
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The Major Energies Marketers Association of Nigeria (MEMAN) will soon flood the market with over 300 million petroleum products to address the biting scarcity.
Chairman of MEMAN, Huub Stokman disclosed this during a virtual press conference on the current fuel scarcity across the country.
He said they will soon take delivery of eight vessels containing over 300m litres of fuel.
There has been biting fuel queues accross the country over fuel scarcity that has lingered for about a week. NNPC claims it’s a logistics problem.
Stockman  said the priority of the major marketers and other stakeholders in the supply chain is to restore stability and ensure fuel supply.
He said, “Our top priority as MEMAN is to restore stability and ensure fuel supply with all depots and retail outlets across Nigeria promptly. We want to reassure the public that there is an adequate supply of PMS available.
“Our members are taking over 8 vessels this week with over 300m litres which is well above our normal level. Our depots will extend their loading times to ensure we load out as much as we can including tomorrow. Our partners in NARTO and PTDs have assured us of their support to make sure the product gets to the retail outlets quickly and safely. We would extend opening time of selected retail outlets to serve our customers as quickly as possible.”

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