MEMAN has urged the federal government to fast-track policy and structural reforms in the downstream petroleum sector.
Mr Isong said the tariff, if implemented, would have far-reaching effects on consumers, transporters, and small businesses already battling inflation.
Mr Isong reiterated the importance of avoiding panic buying, noting that supply efficiency was improving and logistics operations were being optimised.
Meanwhile, queues for petrol have resurfaced in parts of Lagos.
Mr Isong said the interventions should not adversely affect the Nigerian economy in the long run.
MOMAN said the facility would help to reduce the cost of petrol if the government ends up deregulating the commodity.
The marketers said this would help cushion the effects of fuel price increase on Nigerians.
Mr Isong said the association had been holding a daily logistic emergency meeting with NNPCL management to improve supply.
The government had set up a technical committee to carry out the blending of the off-spec petrol, to comply with the acceptable standard.
The minister announced that the nation’s four refineries we’re being rehabilitated.
