Oil marketers say FG’s petrol discount excludes them, seek 60-day extension
Oil marketers have called on the Federal Government to extend its 30-day petrol discount window to 60 days and include independent marketers, arguing that the current arrangement may limit its reach and benefits for consumers. The post Oil marketers say FG’s petrol discount excludes them, seek 60-day extension appeared first on Nairametrics .
Oil marketers have urged the Federal Government to extend the 30-day petrol discount window to 60 days and include independent marketers, citing concerns about the policy's reach and benefits for consumers. Representatives from the Independent Petroleum Marketers Association of Nigeria (IPMAN) and another independent marketer expressed worries over the policy's implementation and distribution.
The government recently announced a discount on petrol sold at NNPC retail outlets, with priority given to public transporters nationwide. IPMAN's National Publicity Secretary, Chinedu Ukadike, questioned how the policy would benefit consumers in areas with limited NNPC filling station coverage, calling for independent marketers to be included and the discount period extended.
Philp Bulus, another independent marketer, welcomed the intervention but stressed the need for transparency to ensure consumers benefit from the reduction. The marketers' concerns arise amid volatility in the downstream petroleum sector, with global crude oil prices rising due to the Middle East conflict.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
