Fuel Scarcity Will Persist Till May – Kachikwu

The Minister of State for Petroleum, Mr. Ibe Kachikwu has said that the current queues at gas stations would persist till late May. The minister who doubles as the Group Managing Director, GMD of the

Nigerian National Petroleum Cooperation, NNPC added that he was not a magician to make the queues disappear overnight. According to him, it was even a “magic” that the stations were still
getting volume of products they dispense to the public, judging from the prevailing circumstances at NNPC. The Minister also revealed NNPC’s import rates have moved form 50 percent to all- time 100 percent, saying that the 445 barrels allocated to crude swap now service 50 to 55 percent importation of refined product. But giving a glimpse of hope on how to achieve lasting solution to the product scarcity, Kachikwu stated that government was working to beef up the reserves. He stated that the when the refineries come on full stream, locally refined products would be left unsold in the reservoir to boost supply and availability of the products.