The Petroleum and Natural Gas Senior Staff Association of Nigeria raised the alarm that their findings showed that the price of Premium Motor Spirit, popularly called petrol, had risen to as high as N650/litre in some locations.
It said this was due to the prolonged scarcity of the commodity, which grew worse in Abuja and many parts of the country, as it called on the Federal Government to start revoking the licenses of oil marketers involved in the hoarding of PMS.
This came as our correspondent gathered that the 14-man steering committee on petroleum products supply and distribution management that was recently approved and constituted by the Federal Government to halt the prolonged scarcity of petrol, had not been inaugurated.
This is because its chairman has been travelling around lately,” an impeccable source at the Federal Ministry of Petroleum Resources, who pleaded not to be named due to lack of authorisation, stated.
On the scarcity of petrol nationwide, PENGASSAN stated that it had been following up with it members at the Nigerian National Petroleum Company Limited who were responsible for assigning the products to marketers.
“Meanwhile, PENGASAN empathised with Nigerians on the hardship currently faced with the scarcity and drastic hike in the price of PMS.