There’s a looming fuel scarcity in the country as oil marketers have given the Federal Government an ultimatum, threatening to shut down depots.
The various marketing unions claim that the Federal Government is owing them a total of N800 billion.
According to the marketers, the debt is being owed the Major Oil Marketers Association of Nigeria (MOMAN), Depot and Petroleum Products Marketers Association (DAPPMA) and the Independent Petroleum Products Importers (IPPIS).
They said they have resolved to stop operations at the depots and disengage the staff if the Federal Government does not take the necessary steps to pay the outstanding debt within seven days.
A letter containing the ultimatum has been served to the relevant government bodies such as the Debt Management Office (DMO), the Minister of Finance, the Chairman, Senate Committee on Petroleum (Downstream), the Department of State Services (DSS) and the Minister of State, Petroleum Resources.
This poses a major threat to the availability of petroleum products, particularly Premium Motor Spirit (PMS) heading into the yuletide season.
It also comes as the Nigeria National Petroleum Corporation (NNPC) promised availability of products this festive season.