The Federal Government has taken proactive steps to address the challenges facing oil transporters and distributors, aiming to ensure the smooth distribution of petroleum products despite escalating operational costs and truck maintenance expenses.
Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), convened a significant meeting on Monday in Abuja with key stakeholders in the downstream sector. Among the attendees were prominent organizations such as the Nigerian Association of Road Transport Owners (NARTO), Petroleum Tankers Drivers (PTD), Independent Petroleum Marketers Association of Nigeria (IPMAN), and the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).
The urgency of the meeting was underscored by the resurgence of fuel queues observed at various fuel stations across the nation, a consequence of NARTO’s decision to suspend petroleum product lifting and cease operations on Monday. The move was prompted by the burdensome costs associated with operations and maintenance, particularly the skyrocketing price of diesel, which has exceeded N1,300 per liter.
Reports from the streets of Abuja revealed a concerning scenario, with many fuel stations either unable to dispense fuel or facing long queues of motorists. Prices at the few operating stations ranged between N617 and N675 per liter, exacerbating the strain on consumers. Even NNPC Ltd. retail outlets, typically considered a reliable source, experienced prolonged queues, while the presence of black market activity added to the chaos.
Lokpobiri, acknowledging the dedication of the transporters, pledged ongoing engagement to address their grievances, emphasizing the government’s commitment to shielding Nigerians from further hardship.
Yusuf Othman, President of NARTO, expressed satisfaction with the outcome of the meeting, citing the government’s understanding of their predicament and willingness to intervene. He stressed the importance of further discussions with oil marketers to resolve issues related to freight rates, with negotiations scheduled to continue on Tuesday.
The engagement between the Federal Government and downstream sector stakeholders signifies a concerted effort to find lasting solutions to the challenges besetting the fuel distribution network. As the nation grapples with economic pressures, cooperation and dialogue remain paramount in ensuring the uninterrupted supply of essential petroleum products.
Credit: News Agency of Nigeria (NAN)
