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Home Economy/Technology

Queues mount as petrol marketers down tools

Petrol

The Matters Press by The Matters Press
February 20, 2024
Reading Time: 2 mins read
0
Nigeria plans to increase petrol pump price despite spike in inflation, unemployment

Abuja, Feb. 20, 2024: Petrol queues have appeared in some parts of Nigeria following a strike by oil transporters and distributors who are aggrieved over high cost of operation and maintenance of trucks.

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The Federal Government has assured to address the concerns of the transporters that have disrupted distribution of petroleum products.

Sen. Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), made this known Monday in Abuja, when he 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 which is over N1, 300 per litre required to fuel their trucks for the transportation and distribution of petroleum products nationwide.

A NAN correspondent who went round the city of Abuja disclosed that many fuel stations were not dispensing the Premium Motor Spirit (PMS) known as fuel, while few marketers that were dispensing have long queues and sell 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 basically 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 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 rate, 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 said.

The engagement which is expected to find a lasting solution to the challenges continues on Tuesday.

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