Oil marketers, have jettisoned their clamour for an increase in the price of Premium Motor Spirit (petrol) and are now appealing to the Federal Government to grant them tax holidays and other incentives that would help cut their costs and also ensure that they resume fuel importation.
This was part of agreements reached at the meeting of the ad-hoc committee set up by the Presidency to engage the Federal Government on ways to get oil marketers to restart importation of the commodity and resolve the country’s fuel supply challenges.
The meeting took place at the office of the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, in Abuja.
It was also agreed by all the members that the price of the commodity should not be increased as the oil marketers had agreed to adopt cost-cutting strategies, while four sub-committees were inaugurated to help address the challenges of fuel supply across the country.
The committee was headed by the Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, and has as members, heads of some parastatals under the ministry, the Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Depot and Petroleum Products Marketers Association of Nigeria, (DAPPMA, Independent Petroleum Marketers Association of Nigeria, IPMAN, and labour officials.
