- Appeal For N100bn Intervention
PETROLEUM marketers in Nigeria have raised alarm of a possible close down of their filling stations over high cost of petrol and other petroleum products if nothing is done to save the situation.
The marketers therefore explained that due to the situation of things hence they requested N100 billion intervention from the Nigerian Government to save businesses from collapse in the coming days amid the hike in the price of Premium Motor Spirit.
The oil marketers said that they are awaiting a positive response from the Nigerian Government on their request for a N100 billion intervention fund to save their businesses.
The President of Petroleum Products Retail Outlets Owners Association (PETROAN), Bill Gillis-Harry disclosed this during an interview with newsmen, yesterday.
He said petroleum marketers are finding it difficult to cope as the cost for a truckload of fuel increased to over N47 million from N7 million.
According to him, filling stations in the country may be forced to shut down if the government does not intervene.
Gillis-Harry stressed that oil marketers requested for N100 billion intervention for the benefit of Nigerians and energy security.
“It is difficult to raise money to buy Premium Motor Spirit because each truckload of petrol is about N47 million to N49 million without logistics. By the time you add logistics, you are talking about N50 million.
