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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...

''Fuel scarcity imminent in Abuja, Nassarawa, others, says Marketers


Nigeria may witness another fuel scarcity in the next few days, if the warning strike of the Independent Petroleum Marketers Association of Nigeria (IPMAN) is anything to go by.

This is coming on the heels of the announcement by the Chairman, Suleja Depot of IPMAN, Alhaji Yahaya Alhassan, that fuel otherwise known as Premium Motor Spirit (PMS) would be scarce in some states in the country.

He listed the states to include Kaduna, Nassarawa, Kogi, Niger among others. Federal Capital Territory ( Abuja), he said, is going to be affected, stating the association is planning to start a there-day warning strike, which may spread to other parts of the country, if urgent steps are not taking to halt it 

Alhassan said that plans at advanced stage to stop the supply of petroleum products to stop supply fuel from its depots to outlets owned by members.

While taking reporters round the packed trucks in the depot at Maje, Suleja in Niger State, Alhasssan said the non-payment of N50billion owed the association by the government was the cause of the strike.

He said: " Virtually all the trucks were loaded with petrol but the marketers insisted they were withdrawing their services until the Federal Government pays their outstanding bridging claims of N50.5billion"  

Continuiing further, he said that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fail to remit the money, the stoppage of supply would continue indefinitely, Alhassan declared.

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