Several calls to the NNPC to speak on the hike in PMS price, were not answered, as the Major Oil Marketers Association of Nigeria attributed the increase in the cost of petrol to the high rate of logistics.
“Over the past three months, staff and management of MOMAN companies have worked diligently at depots and filling stations to relieve the stress faced by customers through the Christmas and New year period.”
It added, “Our members have again agreed to extend depot loading hours as well as keep strategically situated service stations open for long hours to ease access to fuel for our customers.” MOMAN said it shall continue to use its best endeavours to ensure that the product was sold at pump prices currently approved by the regulatory authorities, despite pressure on the price by demand and costs in their immediate operating environment.
“A final resolution to these challenges will be the full deregulation of the petroleum downstream sector to encourage the liberalidation of supply and long-term investment distribution assets. We urge the government to work towards this end goal,” the marketers stated.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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