Following reports that depots in Lagos are gradually running low on petrol, long queues for Premium Motor Spirit, popularly called petrol, have begun to surface at filling stations in Lagos and Ogun states, as well as few other locations in South-Western states.
It was gathered that queues have surfaced at many fuel stations, on the Oshodi-Ojodu Berger Expressway and some sections of the Lagos-Ibadan Expressway, as vehicles waiting to purchase petrol stretched into the expressway, slowing down movement on the service lane.
According to the Satellite Depot Chairman of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Akin Akinrinade, the depot had not loaded products in the last three weeks as the Nigeria National Petroleum Corporation Limited (NNPCL) Retail depot is currently operating skeletal dispatching of products.
It could be recalled that the NNPCL had abandoned its depots due to pipeline vandalism last year, forcing it to rely on private depots to dispatch products and upon operations resumption, the Satellite depots in Lagos were vandalised in July
Reports also gathered that some depots owners had been unable to import products due to rising foreign exchange and sources close to the matter revealed that many filling stations had shut down operations as many could not afford to buy products due to high prices at the depots.
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