Business Nigeria: Oil Marketers Decry Subsidy Debt as Fuel Scarcity Lingers

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Nigeria - Oil marketers in the country are complaining that FG is yet to pay outstanding subsidy claims just as fuel scarcity lingers in parts of the country, Daily Trust says.

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Speaking yesterday, oil marketers said it would take much more time before the supply gap is bridged.

Major oil marketers consisting of Oando, Conoil, Forte Oil, MRS, Total and Mobil Oil have since stopped importing petrol because they do not have the funds to do so as the government still owes them subsidy claims of more than N200 billion.

The Nigerian National Petroleum Corporation (NNPC) imports 50 per cent of the national consumption while the marketers bridge the remaining gap. But they now rely on supplies from the Pipelines and Product Marketing Company (PPMC), which experts said is insufficient for the entire country.

Long queues still persist in some areas in the country including Abuja, Ibadan and others.


#Nigeria #NNPC #FuelScarcity #MOMAN
 
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