MOMAN Assures Fuel Supply Stability Over Q2 Product Allocations | Independent Newspapers Limited
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Oil & Gas, Power

MOMAN Assures Fuel Supply Stability Over Q2 Product Allocations

Posted: Apr 5, 2016 at 3:00 am   /   by   /   comments (0)

The Group Chief Executive Officer of Forte Oil Plc and Chairman of Major Oil Marketers Association of Nigeria (MOMAN) Mr. Akin Akinfemiwa, has said that the Federal Government has provided sufficient Q2 allocations to the members of the association for the importation of petroleum products.

Akinfemiwa said that the allocations have been evenly divided between the NNPC and the petroleum marketers, adding that the Federal Government, NNPC and the Major Marketers have put in place a structure to ensure the effective distribution of these allocations to the retail outlets, assuring that as a result of this petrol has become readily available.

“In order for the populace to reap the benefit of our joint efforts, we advise the public to refrain from panic buying and we assure the buying public that we shall continue to work hand in hand with the NNPC and the Federal Government to ensure uninterrupted fuel supplies all year round.

Meanwhile, the scarcity of petrol has continued to bite harder as most filling stations were under lock and key over the weekend. The few stations selling the product were selling at outrageous prices ranging from N170 to N200 per litre with endless queue.