The House of Representatives Committee on Petroleum Resources (Downstream and Midstream) has instructed the security agencies to arrest fuel hoarders of petrol.

The committee has also assured Nigerians of the available petrol in stock, adding that the logistical challenges that led to the scarcity of the product will soon be addressed.

Ikenga Ugochinyere, the co-chair of the committee and Chairman, House Committee on Petroleum Resources in a press conference at the National Assembly Complex, Abuja, on Wednesday, stated that there was enough petrol to serve the country for about 30 days.

The chairman also said the distribution made to the marketers was interrupted by challenges of transport vessels, which were supposed to take the products from offshore to onshore.

Ugochinyere said, “We strongly frown on the activities of middlemen who have taken advantage of the short disruption of supply to maximise profit and generate inordinate gains for themselves at the detriment of our people.

“We hereby call on security forces to support the Nigerian National Petroleum Company Limited, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Petroleum Products Retail Outlets Owners Association of Nigeria, the Nigerian Association of Road Transport Owners and other key stakeholders in the distribution chain, to ensure that acts of economic sabotage that has to do with hoarding, arbitrary increment in price, products diversion and smuggling are detected and dealt with.

“Our people have been through a lot in the last few days and we must not plunge them into further pains.

“We appeal to all traders and those rendering services not to unduly take advantage of this temporary challenge, which will be cleared in the next few days.”

“We express our concerns over the temporary presence of fuel queues in petrol stations across the country. This has adversely affected the lives and businesses of Nigerians across the country.

“As elected representatives of the Nigerian people, we are greatly disturbed by this development. However, we are convinced that this is temporary and, in a couple of days, we shall get over it.

“From our investigations, we have found out that there is availability of petrol products. We have it on good authority that we have in our storage facilities at least about 1.5 billion litres of petrol that can last 30 days.

“It is, however, saddening to note that it is as a result of logistics that the queues have resurfaced. These logistic issues range from difficulty in transporting products from the mother vessel to the respective petrol stations; movement of products from offshore marine vessels to the stations, and disruption from Escravos channels,” Ugochinyere said.

“We have gotten the assurances from the regulators in the value chain that these bottlenecks are being cleared in the course of this public holiday, and more grounds will be covered.

“From our findings, the issues that necessitated the disruptions which led to the appearance of fuel queues in petrol stations have been cleared,” he said.