Oil marketers under the aegis of the Major Oil Marketers Association of Nigeria have said access to the dollar at N306 will enable them to resume importation of Premium Motor Spirit .
The marketers also said there was an urgent need for the Federal Government, through the Petroleum Products Pricing Regulatory Agency, to increase the margins on petrol to encourage them to make more investments.
The Chairman, MOMAN, Mr Adetunji Oyetunji, at a press briefing in Lagos on Friday, stated the stand of the marketers. “So, it gives a unique opportunity to be able to get out of this subsidy business. It happened like that in 2016 when oil price dropped significantly but we didn’t seize that opportunity.”
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