Senate Alleges Plot To Cause Fuel Scarcity

Senate Alleges Plot To Cause Fuel Scarcity

Senate Alleges Plot To Cause Fuel Scarcity

The Senate Committee on Petroleum (Downstream) has alleged plot by saboteurs in the oil sector to cause scarcity of petrol and return queues at filling stations at Christmas.

Chairman of the committee, Senator Kabiru Marafa, who raised the alarm at the weekend said his panel was working to scuttle the plan which he said had already been brought to the knowledge of the executive.

Marafa, who spoke with State House Correspondents after a meeting with President Muhammadu Buhari in the Presidential Villa, Abuja, said that the untoward development was a fallout of a disagreement among stakeholders in the sector which the committee was trying to resolve.

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“There has been some disquiet in the industry regarding marketers’ payment. The issue involves ministry of finance, Debt Management Office (DMO) and the Central Bank of Nigeria (CBN). We feel if the matter is not carefully handled, some enemies of the administration may bring about technical issues that could lead to queues at the filling stations.

“I’m the committee chairman, and the president being the minister of petroleum resources, I came to share some information and tap on his versatile experience in the industry as a former minister of petroleum resources 40 years ago. So there is abundant experience there,” the senator said.

Marafa dismissed threats by tank owners to shut down, a development which could cause hardship for citizens during the festive period, saying there was fuel stored in all the depots across the country, enough to serve the people up to the next six months.