FG, Marketers Agree On Fuel Pump Price

By Ikenga Chronicles January 4, 2018

FG, Marketers Agree On Fuel Pump Price

The Federal Government and oil marketers have finally agreed on having the pump price of petrol at N145 per litre

This is a development to the previous stand of the Chairman, Depot and Petroleum Products Marketers Association, Dapo Abiodun, who had stated that the N145 per litre was not possible again.

However, following their meeting with the ad hoc committee set up by the Presidency, where four sub-committees were constituted at the meeting, which was chaired by the Minister of State for Petroleum Resources, Ibe Kachikwu, at the ministry’s headquarters in Abuja, an agreement was reached.

“Four sub-committees were inaugurated by the minister and we agreed on a price that is good for Nigerians, which of course, is the current price. All these and more will be in the communique that will be released soon,” a source who spoke to Punch, said.

Another source stated that the committees included those on logistics and business conduct, adding that the agreements reached at the meeting would be relayed to the Presidency before the communique would be made public.

Meanwhile, the Senate has denied an alleged claim by the Chief of Staff to the President, Abba Kyari, that the National Assembly is responsible for the delay in the payment of the debt owed oil marketers by the Federal Government.

The lawmakers on Wednesday in a statement issued by the Chairman, Senate Committee on Media and Public Affairs, Senator Aliyu Sabi-Abdullahi, denied any pending request to approve a loan for the payment of the debt by the Presidency.

The statement reads in part, “The attention of the Senate has been drawn to a claim said to have been made by the Chief of Staff to the President, Mallam Abba Kyari, during a meeting with stakeholders in the oil industry on the perennial fuel scarcity in the country to the effect that the payment of debts owed oil marketers was being delayed because the National Assembly has not approved request presented to the legislature for a loan meant for that purpose.

“The Senate will want members of the public to know that no such request has been made to it specifically requesting a loan meant for payment to oil marketers. The Senate is aware that subsidy on petrol had been cancelled by this administration, so we wonder which payment we are talking about now.

“Senators have been inundated with calls from oil marketers who were present at the meeting with the Chief of Staff to the President on the issue and thus, we call on Mallam Kyari to either prove his claim or retract it.”

He added, “It should be noted that a similar claim was made by the Minister of Finance on the foreign loan at a time the Presidency had not forwarded the request. The letter requesting for the foreign loan was submitted long after she was confronted with the fact.”