Nigeria’s Petrol Marketers Association Assures of Availability, Warns Against Panic Buying
As Nigerians continue to navigate the ups and downs of the country’s oil market, the Major Energies Marketers Association of Nigeria (MEMAN) has moved to reassure citizens of the availability of petrol. In a statement released on Wednesday, MEMAN’s boss, Clement Isong, emphasized that the association has a substantial stock of products in its tanks, with no issues in accessing these stocks.
Isong attributed the association’s confidence in meeting the country’s petrol needs to the benefits of diversified supply and deregulation. "This allows diligent marketers to plan ahead, book their supply needs in advance, and make necessary adjustments to avoid any product shortages," he explained. MEMAN, he stressed, does not foresee any disruptions in the supply of petroleum products in the near future.
In light of this, MEMAN is urging the public to refrain from panic buying petrol. According to Isong, the association’s supply efficiency is continually improving, and logistics optimization is beginning to take hold. This, he noted, will ensure that petrol is readily available to consumers across the country.
Isong pledged that MEMAN members would continue to work tirelessly to optimize their supply and logistics costs, with a focus on ensuring the highest levels of availability, accessibility, and affordability for their customers in an increasingly competitive market.
The assurance from MEMAN comes as a relief to many Nigerians who have become accustomed to periodic fuel shortages and the resulting panic buying that often accompanies these disruptions. With the association’s commitment to maintaining a stable petrol supply, consumers can now look forward to a more predictable and efficient market.
As the Nigerian oil market continues to evolve, MEMAN’s proactive approach to addressing potential supply chain disruptions is a welcome development. By diversifying its supply sources and staying ahead of the curve, the association is helping to ensure a stable and reliable petrol supply – a crucial component of the country’s economy.
