Fuel Scarcity: FG meets oil marketers

www.greatachievermagazine.com.ng 2:50 AM ECONOMY,

The Federal Government on Monday assured Oil Marketers in the country of its unwavering commitment to address the growing challenges of petroleum products procurement and distribution.

Chief Executive Officer, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Farouk Ahmed said the meeting with Oil Marketers was part of the strategy to avert product scarcity since the sector has been fully deregulated.

Some of the Marketers urged the government to urgently address the issues discussed at the meeting, saying the removal of fuel subsidy has thrown up new challenges as marketers now need huge funds to import.

The Marketers had earlier advised the government to consider setting the price of oil at N600 for the next three months to mitigate the impact of the recent surge in oil prices while waiting for the refineries to resume operations.

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Great Achiever Magazine was established in 1996 as a specialized publication. The magazine showcases people of great accomplishments and their contributions to societal development; historic and memorable events; and general interest news. The magazine was first published in 1996, and has consistently made its mark in the core area of educating, informing and entertaining the reading public through its successive editions. From time to time, the magazine, through special edition, commemorates Award ceremony organized in honour of distinguished personalities of impeccable character and great accomplishments; people who have attained great heights in their professions and businesses; people whose outstanding achievements and contributions to societal development are sources of inspiration to the present and future generations. The magazine has also added to its stable biographical book series, with the publication of WHO’S WHO in the society. Yomi Ogunsanu Publisher/Editor-in-Chief