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Fuel Crisis: MEMAN Warns Nigerians to Shun Panic Buying 


The Major Energies Marketers Association of Nigeria (MEMAN) has cautioned Nigerians against panic buying of fuel amidst queues at filling stations across Lagos, attributing the shortages to adverse weather conditions affecting petrol supply logistics.

MEMAN’s executive secretary, Clement Isong, emphasised in an interview that the recent fuel scarcity in Lagos was primarily due to inclement weather conditions, including thunderstorms, which disrupted critical operations such as ship-to-ship trans-loading and truck load-outs at jetties.

“Petroleum product shortfall at stations is a direct consequence of the recent adverse weather conditions, which have hampered the smooth flow of supply logistics,” Mr Isong explained to the News Agency of Nigeria on Monday, highlighting the impact on transportation and distribution of petrol to filling stations.

He further referenced advisories from the Nigerian Meteorological Agency (NIMET) cautioning against loading activities during storms due to safety concerns related to flammability and handling regulations.

“We urge Nigerians not to engage in panic buying or hoarding of petrol, as this behaviour exacerbates artificial scarcity and poses significant safety risks,” Isong asserted.

He urged adherence to safety protocols in handling and storing petroleum products.

Addressing concerns over smuggling contributing to increased consumption rates, Isong noted measures by the Nigerian National Petroleum Corporation Limited (NNPCL) to strengthen supply chains and mitigate illegal activities.

Reports from various parts of Lagos indicated long queues at filling stations, causing traffic congestion on major roads. Areas heavily affected included NNPC stations on Ikorodu Road, Fadeyi, Bariga, and Ogba, as well as NIPCO stations in Fadeyi, Surulere, and Ago Palace Way.

Similar scenes were observed in Epe and Ikorodu, where queues formed at popular petrol stations.

MEMAN assured the public that distribution activities have resumed following improved weather conditions, emphasising that there is no overall scarcity of petrol. They advised consumers to expect normalcy in supply as operations return to full capacity.

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