Relief As Oil Marketers Agree To Sell All Stocks Locally To End Fuel Crisis
Oil Marketing Companies (OMCs) have agreed to offload all fuel stocks held for the export market locally in a new attempt to end the ongoing fuel shortage crisis in the country.
This follows a meeting between the Ministry of Petroleum and Mining, the Energy and Petroleum Regulatory Authority (EPRA) and OMC CEOs held earlier on Wednesday.
At the same time, the marketers have agreed to earmark imports from two vessels for the local market to meet the local demand including one carrying super petrol and another carrying diesel.
Moreover, the oil marketing companies have agreed to set aside 20 million litres of fuel to non-franchised petroleum dealers who largely serve interior parts of the country.
“We have agreed that in order to correct the fuel supply hitches that have aff...