The Head of the Economic Regulation at the National Petroleum Authority, Abass Ibrahim Tasunte has explained that there is enough diesel in stock to meet consumers’ demand despite concerns of fuel shortage in the country.
He stated that some Oil Marketing Companies are currently experiencing a shortage because their preferred Bulk Oil Distributors may have stopped supplying the product for some time.
“We have heard these concerns about the shortage of diesel. We have enough diesel to meet demand. The challenge that is being faced now is that some particular OMCs are having challenges getting the product from their preferred importers, but with respect to diesel we have enough.”
He further indicated that the government had reached an agreement with some transporters of petroleum products to import them and store them at their fuel depots as part of measures to address some if the challenges with the current global supply chain and the increase in price of diesel.