The Federal Government has ordered oil marketers to negotiate with the Nigerian Association of Road Transport Owners to avert the planned suspension of operations by NARTO members with respect to the lifting of petroleum products nationwide beginning today (Monday).
It was gathered on Sunday that oil marketers and the executives of NARTO met about six times in the last two days, following the declaration of the petroleum products’ transporters to halt operations.
Our correspondent further gathered that the Federal Government through the downstream regulator and the petroleum ministry would meet with NARTO members, as well as other parties today (Monday) in Abuja to sort out the issues.
This came as independent marketers expressed worry over the continued crash of the naira against the United States dollar, as they stressed that the development could force the non-subsidised pump price of Premium Motor Spirit, popularly called petrol, to hit N1,500/litre in coming days.
The dollar has been on the rise, hitting over N1,500 lately. Nigeria, through the Nigerian National Petroleum Company Limited, is still importing petrol basically with the dollar. Although NNPCL has kept mute on subsidy, marketers said PMS was being subsidised, otherwise, it would sell for about N1,500/litre, not N600-N700/litre as sold currently.
#naijaentertainmenttv
#NigerianCelebs #NollywoodGist #AfrobeatMusic #AfricanEntertainment #NigerianMusicIndustry #NaijaMovieIndustry #NaijaCelebrities #NaijaEntertainmentTV
#NigerianEntertainmentIndustry #NaijaShowbiz
