The persistent fuel scarcity being experience in the country will end before the end of the week, the Minister of Petroleum Resources, Diezani Alisom Madueke said yesterday.
The Minister told reporters at the National Assembly where she came to defend her ministry’s 2014 that the scarcity is artificial, created as a result of hoarding and diversion of the product by some unpatriotic marketers.
According to her, “there is some supply hitch which we are looking into; there is also diversion which was quite clear. There was an element of hoarding as well. And while we are trying to get to the bottom of who diverted what at the same time in terms of supply, we are trying to ensure that we flood the country with petroleum products before next week.
The minister also dismissed rumours that the ministry of petroleum resources was going to announce an increase in the pump price of petrol which she said instigated some of the hoarding and the diversion.
Meanwhile, the minister yesterday presented N61 billion 2014 budget allocation, saying the “successive decline in the budgetary allocation,” was creating problems to the operations of the ministry.
The minister said the continued decline of the provisions has been telling on the effective and efficient operations of the agencies and department under the ministry.
The minister, while defending the proposed N61.9 billion 2014 budget allocation before the joint committees of petroleum (upstream and downstream) and that of the gas of the House of Representatives, however, acknowledged the decline to have been across board of all ministries.
She said that despite the lower budgetary provision, “we will work to overcome challenges particularly on the revenues accruing to the federation account.”