Oil marketers assures of fuel supply stability in Q2

Akin Akinfemiwa, the Chairman of the Major Oil Marketers Association of Nigeria, on Friday assured Nigerians that the Federal Government has provided sufficient fuel allocation for the second quarter of the year.
Akinfemiwa, who is also the Group Chief Executive Officer of Forte Oil Plc, disclosed this during an interactive session with newsmen in Lagos.
He said allocations for the importation of petroleum products for Q2 would be sufficient for oil marketers.
According to him, these allocations have been evenly divided between the Nigerian National Petroleum Corporation and the petroleum marketers.
He said: The Federal Government, NNPC and the Major Marketers have put in place a structure to ensure effective distribution of these allocations to the retail outlets and as a result Premium Motor Spirit has become readily available,” he said.
Akinfemiwa therefore advised members of the public to refrain from panic buying.
“We assure the buying public that we shall continue to work hand in hand with the NNPC and the government to ensure uninterrupted fuel supplies all year round,” he said.
NAN.