The Vice President, Independent Marketers Association of Nigeria (IPMAN), Abubakar Maigandi, says no one has imported petrol since the removal of subsidy.
He added that both private depot owners and the Nigerian National Petroleum Corporation Limited (NNPCL) are all relying on the old stock.
TheHintsNews reports that President Bola Tinubu had on May 29 announced that his government can no longer subsidise petroleum products in the country.
Maigandi, in a telephone interview on Saturday warned that if there is no new stock by the end of this month, there might be scarcity of petroleum products.
His words: “There is not much demand because people, especially civil servants, are complaining that there is no money.”
Maigandi, therefore, urged importers of the product to expedite action, noting that there has been no fresh stocking since the removal of subsidy.
He added: “Nobody has imported petrol since the removal of subsidy. Even NNPC did not import.
We are all using the old stock. But I know probably this month there will be new stock. If not, there may be scarcity.”
