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Fed Govt Slightly Reverse The Price of PMS

Queue at the filing station  The President,  Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr  Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
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Scarcity of petroleum products is beyond Nigeria,says MOMAN. By Akinola Ajibade



The Major Oil Marketers Association of Nigeria ( MOMAN), has attributed the current scarcity of petroleum products in the country to global issues, not local,as  many Nigerians were made to understand.
The body, an umbrella association of non-, independent fuel marketers in the country, is made up of 11 Plc, formerly Mobil Nigeria Limited,  Forte Oil, now Ardova , Conoil, OVH( Oando Marketing) , Total Energies Nigeria among others.
In a statement issued, signed and made available to News Mirror, yesterday by the MOMAN's Chairman, Mr Olumide Adeosun, the group blamed the scarcity of petroleum products on  rising prices of fuel at the international level, Russia-Ukraine crises among others,.
He said that the scarcity of specific petroleum products,  especially Aviation Fuel, is having untold effects on that sector of the economy.
This happens as Arik Air, Dana Air and two others pulled out of the planned strike actions, which is being organised by the airline operators in Nigeria
. The decision by the  airlines to shut down flight spaces was to protest the scarcity of fuel, that has become a common feature of the  Nigerian roads. 
Hitherto, the country was greeted by fuel scarcity in the first quarter of 2022, a development, which resulted in trading of accusations over importation of adulterated fuel  between the Federal Government on one hand and the marketers/ concerned stakeholders on the other hand.
Speaking further on the issue, Adeosun stated that Aviation Fuel( otherwise known as JT A1, like other petroleum products used in the country, is not produced in Nigeria. 
He added that the fuel is specific and subjectd to international price movements.
He described the problems as the twin,-shocj of increased post pandemic demand and the on-,, going sanctions against Russia, a major producer of petroleum products.
Adeosun said; "  These shocks have seen international trading. premiums cost of vesel freights and other variables spiking up in recent times with their attendant influence on provision of fuel in the country l 
He further said transport companies, logistics firms, cooking gas users, ( individuals and industrials) are affected by the development.
MOMAN, Adeosun said, understands the plight of Nigerians on the issue of scrutiny of the products and as a result, seeks the cooperation of the generality of the masses on the problem.








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