The Federal Government says it is currently engaging oil marketers on issues surrounding the cost of Premium Motor Spirit, popularly called petrol, fuel queues, and bridging claims payment in the downstream oil sector.
It was gathered in Abuja that the meeting might lead to an upward adjustment in the pump price of petrol.
Recall that oil marketers had repeatedly blamed the persistent fuel queues in various parts of Nigeria on the unsustainable cost of PMS.
This came as the Major Oil Marketers Association of Nigeria on Wednesday joined their counterparts in the Independent Petroleum Marketers Association of Nigeria and the Natural Oil and Gas Suppliers Association to call on the government to gradually raise the price of PMS.
IPMAN and NOGASA had earlier pushed for the upward review of petrol price, as some members of IPMAN had already effected this by selling above the N165/liter government-approved price.
When informed on Wednesday about the demands of the various marketer’s groups, the General Manager, Corporate Communications Department, Nigerian Midstream and Downstream Regulatory Authority, Kimchi Apollo, told our correspondent that the government was currently engaging the oil dealers.
“We are meeting them now on the various concerns, so don’t worry. By tomorrow you will know what is the outcome,” he stated.
