Oil & Gas

Petroleum marketers shelve planned strike over unpaid subsidy claims after agreement with FG  

1.2k
Advertisement




Petroleum marketers on Thursday announced a decision to shelve their planned strike over unpaid subsidy claims after reaching a settlement with the Nigerian government.
“After a meeting held today, Thursday, December 6, 2018, with senior Government officials from the Federal Ministry of Finance, the Debt Management Office, the Nigerian National Petroleum Corporation, the Central Bank of Nigeria, the Budget Office of the Federation, the Office of the Accountant-General of the Federation and the Petroleum Products Pricing Regulatory Agency, discussions showed that the Government has considered the concerns and is reviewing the initial process approved by the Government for the settlement.
“We hereby wish to reassure the members of the public on the availability of PMS. We urge the public not to panic, as there will be no fuel scarcity. The engagement of the two sides will continue on Monday, December 10, 2018,” oil marketers said in a written statement.
At a meeting with representatives of the Federal Government in Abuja, the marketers comprising representatives of Depot and Petroleum Products Marketers Association (DAPPMA), Major Oil Marketers Association of Nigeria (MOMAN) and Independent Petroleum Marketers Association of Nigeria (IPMAN) said they were “satisfied with the arrangements being made by the Government to settle the claims of petroleum marketers.”
They agreed that operations at all depots and sales outlets will continue until further notice.

Author

See also  Chevron embroiled in labour crisis, sack of 600 workers threatens its shut down

Leave a comment

Related Articles

FG Cannot Control Petrol Prices in Deregulated Market, Minister Declares

By Omoyeni Ojeifo The Minister of State for Petroleum Resources (Oil), Sen....

Abuja Motorists Groan as Petrol Price Surges to N1,450 Per Litre

By Omoyeni Ojeifo Residents and motorists across Abuja are groaning under renewed...

Bamanga Tukur, Elder Statesman, Ex-PDP National Chairman, Dies at 90

Alhaji Bamanga Tukur, former PDP National Chairman and ex-governor of Gongola State,...

Dangote Refinery Hikes Fuel Price to N1,350 in Repeated Monthly Adjustments

Dangote Petroleum Refinery raised its premium motor spirit (petrol) wholesale price to...