The perennial queues occasioned by the non-availability of the Premium Motor Spirit (PMS) also known as fuel in Warri, Effurun and other parts of Delta State has started phasing out following recent mass supply of the product to marketers in the State.
It was also observed that the price of PMS which was sold between N420 to N510 has now crashed and it is now being sold between N205 and N260 by marketers especially in Warri, Effurun and their environs.
It was gathered that the development followed the intervention of leading indigenous oil and gas company, Matrix Energy Group and the Nigerian National Petroleum Corporation Limited (NNPC) which have depots in the oil city.
The ease the scarcity and hike in the price of PMS, the NNPC has sent five additional vessels totaling 100 million litres to Delta State.
Queues which hitherto were witnessed in most parts of Warri, Asaba, Effurun, Sapele, Ughelli and their environs have started easing out following the mass supply of the product in the areas.
Aside Delta, it was gathered supply of the product to states of the Niger Delta has drastically improve as motorists were seen spending less time to get the product at the various filling stations visited between Saturday and Sunday.
It was further learned that some major marketers that owned retail outlets including Matrix and Shafa were already dispensing a litre at the rate of N205 in Warri, Effurun and their environs.
Motorists, who commended the intervention, called on the Federal Government to stabilise the availability and pump price of the product.
They lamented that the hike in the pump price had led to an increase in the cost of transportation and foodstuffs within the state and beyond.
A circular by Matrix Energy company last week Thursday announcing it has commenced full distribution of the product confirmed the position of our source.
The circular read, “This is to inform you that our PMS vessel will be berthing today and loading shall commence tomorrow God willing. We shall only allocate volumes directly to those with valid NMDPRA permits and willing to sell at regulated price.”
