EkoConnect.net

I Saw Twenty Four Ships Come Sailing In

Twenty four ships carrying mostly petroleum products are expected to arrive Lagos in phases between 7th March and 20th March 2016.

Hopefully, this will mark an end to the current spate of fuel scacity witnessed in many parts of the country. While the queues in Lagos have since abated, petrol is still been sold at above approved price in many other towns outside Lagos.

It is still a puzzle how diesel is still being sold above N100 per liter considering the massive drop in crude oil prices internationally. If diesel sold for around N140-N150 per litre when crude oil was averaging $100 per barrel, how then is it that diesel price has not fallen accordingly.

While the first argument could be that the Naira exchange rate has forced the price of diesel up, the cost of PMS has dropped considerably to the extent that the erstwhile subsidy being paid by government has reduced to almost zero.

What then is the reason especially as diesel is supposed to be a deregulated commodity? Collusion. diesel importers are colluding and keeping the price up artificially. Diesel is currently retailing at about N135 per liter, barely N10 down on the price 12 months ago.

Sadly, we remain at the mercy of diesel importers whose prayers that the local refineries do not work remain continuously answered.

Or is there a more earthly reason why the refineries do not work for ore than a month at a time if at all.

There is yet a lot to do in the fight against corruption, but for now, we will rejoice in the berthing of the 24 ships which have come sailing in with temporary succor for us the suffering masses.

iam@ekoconnect.com

 

The Story: Twenty four ships laden with petroleum products, food items and other goods are expected to arrive Apapa and Tin-Can Island ports in Lagos from March 7 to March 20.

The Nigerian Ports Authority (NPA) stated this in its publication – `Shipping Position’, – a copy of which was made available to the News Agency of Nigeria (NAN) on Monday in Lagos.

NPA explained that the expected ships contained buck wheat, bulk salt, empty containers, frozen fish, steel products, base oil, diesel, petrol, containers, petrol and Aviation Turbine Kerosene (ATK) and bulk gypsum.

The document noted that nine ships had arrived the ports, waiting to berth with petrol, base oil, containers and general cargoes.

NAN reports that 17 other ships are at the ports discharging general cargoes, bulk charcoal, bulk sugar, bulk salt, aviation fuel, bulk gas and petrol. (NAN).

 

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