Fuel Scarcity Looms as PPPRA Delays Imports Allocation
Tankers in depots Nigerians may be heading for another fuel crisis as the Petroleum Products Pricing Regulatory Agency (PPPRA) is delaying the release of the import allocation to the oil marketing and trading companies for the first quarter of 2014. The oil marketers have been waiting for the PPPRA to release the allocation after they submitted their applications since last year. The marketers have become increasingly apprehensive as January rounds off without the PPPRA releasing the approval for marketers to import products. We gathered that the marketers have exhausted their import allocation for the fourth quarter of 2013. The relevant officials of the PPPRA could not be reached for comment last night but a source at the Nigerian National Petroleum Corporation (NNPC) told THISDAY that the import allocation for the NNPC and the marketers for the first quarter were yet