P
ProfRem
Guest
Another round of excruciating fuel scarcity looms as oil marketers disclosed that they are running out of patience over the Federal Government’s refusal to pay its $1.7 billion debt owed oil marketers since May 2015.
One of the oil marketers told Vanguard in Abuja that the seeming sanity in petroleum products distribution and sales across the country can be likened to the, “peace of the graveyard,’ as he noted that marketers are only ensuring that they are not seen as individuals seeking to sabotage the efforts of government.
He stated that the marketers had written series of letters over their predicaments to the Presidency and that the Presidency had agreed to grant them audience, while he warned, however, that if nothing is done to address the issue of the debts owed them, they would be forced to take drastic measures that might lead to the return of another fuel crisis.
He explained that the amount owed the marketers was for foreign exchange differentials owed both major oil marketers, independent oil marketers and other petroleum marketers.
He said the amount was the balance from the payments made by the Goodluck Jonathan administration, before handing over to President Muhammadu Buhari, while the rest was incurred in May 2016, when the Federal Government devalued the naira.
One of the oil marketers told Vanguard in Abuja that the seeming sanity in petroleum products distribution and sales across the country can be likened to the, “peace of the graveyard,’ as he noted that marketers are only ensuring that they are not seen as individuals seeking to sabotage the efforts of government.
He stated that the marketers had written series of letters over their predicaments to the Presidency and that the Presidency had agreed to grant them audience, while he warned, however, that if nothing is done to address the issue of the debts owed them, they would be forced to take drastic measures that might lead to the return of another fuel crisis.
He explained that the amount owed the marketers was for foreign exchange differentials owed both major oil marketers, independent oil marketers and other petroleum marketers.
He said the amount was the balance from the payments made by the Goodluck Jonathan administration, before handing over to President Muhammadu Buhari, while the rest was incurred in May 2016, when the Federal Government devalued the naira.