Monday, April 29, 2024

FG, NARTO, others fail to reach agreement on lifting of petroleum products

The meeting between the Federal Government, the Nigerian Association of Road Transport Owners and other stakeholders over the suspension of operations by NARTO members over the lifting of petroleum products ended on Monday with no agreement reached.

But the Minister of State for Petroleum Heineken Lokpobiri said the engagement will continue on Tuesday (today) as the government would not fold its arms and allow Nigerians to go through more hardship as witnessed.

He explained that the Tinubu-led administration was working round the clock to address the current economic challenges in the country.

There were indications on Monday night that the NARTO leadership and other stakeholders within the oil and gas sector were billed to meet with the National Security Adviser Nuhu Ribadu for another meeting to avert the imminent fuel scarcity.

Independent marketers had expressed worry over the continued crash of the naira against the United States dollar, as they stressed that the development could force the non-subsidised pump price of Premium Motor Spirit to hit N1,500/litre in the coming days.

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