Fuel marketers under the aegis of the Major Energies Marketers Association of Nigeria (MEMAN) have assured tanker owners of a cordial relationship to ensure the smooth lifting of petroleum products.

In a statement signed by its executive secretary, Clement Isong, on Tuesday in Lagos, the group said marketers were currently discussing with their transporters for fair rates of lifting products.

The National Association of Road Transport Owners (NARTO) and the Petroleum Tanker Drivers (PTD) initiated strike action on February 19.

NARTO requested oil marketers review the freight rates after deregulating the downstream sector.

“There’s no conflict between our members and the transport unions. Individual marketers are in discussions with their transporters for fair rates, adhering to the Petroleum Industry Act and FCCPC Act, which prohibits jointly setting rates.

“Pump price deregulation promotes healthy competition, encouraging cost-reduction measures for better customer value. It’s a gradual process that requires time for full price recovery and market competition.

“All stakeholders, including operators and MDAs, must collaborate to optimise the supply chain for affordability amid the challenging environment. MEMAN and its members recognise the industry’s complexities and commit to sustainable solutions in cooperation with relevant stakeholders,” said Mr Isong.

Meanwhile, queues for petrol have resurfaced in some parts of Lagos following the strike.

Some of the filling stations on Ikorodu Road, Bank Anthony Way, Ikeja, Bariga, Mushin and Ojota were besieged by customers, while many were rationing products, selling with either one pump or two.

Others shut their stations.

On February 6, NARTO appealed to the Minister of State for Petroleum, Heineken Lokpobiri, to urgently intervene by addressing some of the challenges confronting the organisation regarding the transportation of petroleum products across the country.

According to the letter signed by NARTO’s president, Yusuf Othman, one of the most pressing issues affecting the industry is the decreasing revenues due to rising operational costs and persistently low freight rates.

Under this proposed system, Mr said transporters would be required to pay a sum of N15,000 to the system operator, further burdening an already strained financial industry.

“Moreover, there are growing concerns that other states along critical road corridors may follow suit and introduce similar charges to boost their internally generated revenue (IGR).

“Lagos, Ogun, and Oyo states charge an exorbitant N180,000 per truck each time a tanker breaks down or parks on their highways,” Mr Othman said.

According to him, this additional financial burden has threatened transporters to the brink, potentially leading to widespread disruption in petroleum product distribution. 

(NAN)