Again Buhari Rules Out Subsidy To Marketers

Again Buhari Rules Out Subsidy To Marketers

President Muhammadu Buhari has again ruled out the possibility of paying fuel subsidy to marketers or increasing the pump price of petroleum product.

A stakeholder hinted our correspondent after the meeting between the representatives of the Federal Government, the Nigerian National Petroleum Corporation, NNPC, the Major Marketers Association of Nigeria, Independent Petroleum Marketers Association of Nigeria and the Department of Petroleum Resources.

The meeting, which was held on Tuesday had in attendance, Abba Kyari, the Chief of Staff to President Muhammadu Buhari, Minister of State for Petroleum, Dr Ibe Kachikwu and the NNPC Group Managing Director, Dr Maikanti Baru.

It was gathered that a committee was inaugurated to see to the end of fuel scarcity across the country.

At the meeting, the oil marketers noted that there was scarcity because the NNPC could not supply them adequately.

Chairman of Depot and Petroleum Products MarketersAssociation of Nigeria, DAPPMA, Chief Dapo Abiodun said that it was difficult for the members to import Premium Motor Spirit, also known as petrol due to the high rate of dollars to Naira.

The marketers also urged the Federal Government to pay its, N800 billion if it would not bring back subsidy so that they would have funds to import PMS.