Oil marketers to FG: Inject subsidy into mass transportation scheme

The Major Oil Marketers Association of Nigeria (MOMAN) has asked the federal government to inject subsidy into mass transportation to alleviate the suffering of Nigerians. 

Olumide Adeosun, chairman of MOMAN, said this on the heels of rising transport costs in the country. 

In recent weeks, Nigerians have been grappling with the challenges of petrol scarcity as well as rising fuel prices. 

While the government emphasised that the approved pump price is N165, some oil marketers insisted they could not sell the product below N180 a litre. 

TheCable had reported that some filling stations sold premium motor spirit (PMS), also known as petrol, for as high as N235 a litre on Monday. 

Adeosun said this on Wednesday during a capacity-building workshop organised by the Federal Competition and Consumer Protection Commission (FCCPC) for oil marketers and journalists.

Adeosun called for the gradual removal of costly petrol subsidies, expected to gulp N4 trillion in the year. 

Comment here

I accept the Terms and Conditions and the Privacy Policy