Wednesday, February 8

UPDATE : We are supplying fuel, unscrupulous elements hoarding it : Oil minister Sylva

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Oil minister Timipre Sylva, middle at a press briefing in Abuja

The Minister of State, Petroleum Resources, Chief Timipre Sylva, has accused unscrupulous elements of hoarding petrol to cause the scarcity being experienced by Nigerians.

Sylva wondered why the scarcity persists, even though the NNPC is loading fuel trucks round the clock.

“From all the figures shown to me the supply is there. So why are they hoarding it?

“In the next few days we will be able to overcome those unscrupulous elements and make sure products get to Nigerians,” he said.

Sylva also accused the unscrupulous elements of feeding the black marketers.

They chose to take advantage of what he called the supply disruption. He urged them to sell rightly.

Sylva said the Federal Government and regulatory authorities are making efforts to address the fuel scarcity by ensuring that supply disruption is overcome.

The minister made this known to newsmen on Thursday in Abuja after a meeting with some key leaders in the petroleum industry.

Sylva spoke shortly after meeting with Malam Mele Kyari, Group Managing Director, NNPC Ltd. and Mr Farouk Ahmed, Chief Executive Officer, Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), among others.

“This kind of supply disruptions are like accidents, they are not desirable, we do not expect them to happen but they happened once in a while.

“This administration has done well as far as fuel supply is concerned. I am quite happy to hear from the NNPC GMD and CEO of NMDPRA on all they have been doing to ensure the scarcity is controlled.

“From what they have told me, in few days there will be normalcy. Everybody is putting efforts to ensure that supply disruption is overcome.

“On my part as Minister of State, I share their commitment to ensure that this problem is totally overcome,” he added.

According to Kyari, as of Thursday, evening, NNPC has up to 1.79 billion litres of Motor Spirit (PMS) on ground and is continuing 24 hours loading at the depots.

“We are working with the Premium regulatory authorities, particularly the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure normalcy,” he assured.

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