“The revised freight rate takes effect from June 1, 2022 while still maintaining the current regulated PMS pump price of N165.00 per litre.”
The new regulations are to bring clarity, improve business processes and ease of doing business in the sector, NMDPRA said.
The marketers said Nigerians should prepare for the worst fuel crisis if the FG fails to pay them their claims.
“There is sufficient fuel for the Easter season. As of yesterday (Monday), we had a total of 367,341,523 litres of PMS, also known as petrol…”
“We are a law-abiding company. There is no way we could have known about the methanol presence. The only way we could have known about it is if our suppliers…”
Only a few stations have so far complied with the FG directive to operate between 18 and 24 hours daily.
The regulatory agency boss said work was ongoing with other stakeholders to address the issue of substandard petrol imported into the country.
“The source supplier has been identified and further commercial and appropriate actions shall be taken by the Authority and NNPC Ltd.”
The president requested the confirmation of Chidinma Osuji as the executive director of the Nigerian Deposit Insurance Corporation.
Three of the stations were said to have paid penalties to the government and were unsealed, while the rest four remain sealed.
