Fuel Queues Surface as Oil Marketers Down Tools

The Federal Government has assured to address the concerns of oil transporters and distributors to ensure smooth distribution following the high cost of operations and maintenance of trucks used in the distribution of petroleum products. The appeal followed a long fuel queue that surfaced following oil marketers’ decision to stop oil distributions.

However, Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), said the government has swiftly reacted to the development having met with some of the oil stakeholders in the downstream sector.

The stakeholders include members of the Nigerian Association of Road Transport Owners (NARTO), Petroleum Tankers Drivers (PTD), Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).

The meeting became necessary in view of fuel queues which returned to various fuel stations.

This development is as a result of the suspension of operations by NARTO, in fulfilment of their threat to suspend lifting of petroleum products nationwide and down tools from Monday due to high cost of operations and maintenance.

NARTO and the oil marketers had complained of the high cost of diesel selling at over N1300 per litre required to fuel their trucks to transport and distribute petroleum products nationwide.

Many fuel stations were not dispensing the Premium Motor Spirit (PMS) known as fuel, while few marketers that were dispensing have long queues and sold between N617 and N675 per litre.

The NNPC Ltd. retail outlets that currently sell at N617 per litre also had long queues, while black marketers were seen on the roads. The minister however, said the transporters had demonstrated patriotism and assured of constant and sustained engagement to find lasting solutions to their challenges.

“Nigerians are already going through a lot as a result of the circumstances we found ourselves in. The issues they raised are commercial and as a government, we have to intervene so that Nigerians will not suffer. At the end of the engagement, there will be a solution,” he said.

Speaking with NAN after the meeting, NARTO President, Yusuf Othman, said the meeting was fruitful because the minister appreciated them and assured them of the government’s readiness to tackle their challenges. We are not fighting the government and it is not government business anymore to pay us freight rates, rather it is in the hands of the oil marketers.

“The oil marketers also made some increase in the freight rate which should be addressed too. The minister promised to meet with us and the marketers on Tuesday,” Othman told NAN. The engagement which is expected to find a lasting solution to the challenges continues on Tuesday. Africa Countries Top World’s 20 Fastest-Growing Economies in 2024

Previous articleCement Producers Agree to Slash Price
Next articleFlutterwave to Shutdown Creator Platform Disha on March 31